Colby Contracts in Writing to Sell His 2005 Dodge-Brand Pick-Up
Colby contracts in writing to sell his 2005 Dodge-brand pick-up truck to Efrem for $10,500.Colby agrees to deliver the truck on Friday,and Efrem promises to pay the $10,500 on the following Monday.On Thursday,Efrem tells Colby that he changed his mind and will not buy the truck.Over the weekend,Efrem changes his mind again and tenders $10,500 to Colby on Monday.Colby has not sold the truck to another party but refuses the tender and refuses to deliver.Efrem claims that Colby has breached their contract.Colby contends that Efrem's repudiation released him from his duty to perform under the contract.Who is correct,and why?
Asian Noodle Company contracts to sell 1,000 cases of rice noodles to Bob's Bistros,Inc.,but refuses to deliver.Due to a rice shortage,Bob's right to obtain substitute goods for those that were due under the contract is the right to obtain
D) specific performance.
Bayou Boats,Inc.,contracts for the sale of seven swamp boats to Eventide Fishing Tours.Bayou repudiates the contract.Eventide's recovery is measured at the time
A) Bayou advertised the goods.
B) Eventide ordered the goods.
C) Eventide learned of the breach.
D) Bayou knew that it would repudiate the contract.
Owen and Pablo enter into a contract for a sale of fifty Western saddles.Pablo pays,but Owen does not deliver.Pablo can normally recover as damages the difference between
A) any loss avoided and any profit gained.
B) the actual price and the hoped-for price.
C) the contract price and the market price.
D) the current prices in the parties' locations.