What is the significance of a seller being determined to be a lost volume seller?
A) A lost volume seller is entitled to recover lost profits in the event of a breach by the buyer rather than recovering only the difference in price from selling the goods to an alternate buyer.
B) With a lost volume seller, the buyer must reject either all of the goods or none of the goods when some of them are nonconforming.
C) The buyer from a lost volume seller is not able to use the remedy of cover.
D) With a lost volume seller, the seller can recover punitive damages from the buyer.
E) Specific performance is generally available in contracts involving a lost volume seller.
Correct Answer:
Verified
Q110: What is the right of the buyer
Q111: What is the right of the buyer
Q112: Which of the following statements is not
Q113: If one party to a contract has
Q114: Which of the following can never be
Q116: If a seller breaches a contract for
Q117: Which of the following applies to "scarce"
Q118: If goods are unique or the remedy
Q119: Which of the following is not a
Q120: Which of the following is generally true
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents