Question

Sayed and Ann form a contract under which Sayed agrees to sell Ann 500 copies of a book. The contract price is $3.50 per book. Sayed breaches the contract by not delivering the books to Ann by the deadline. At the time of the breach, the books are available from the publisher for $4.50 each. Ann's damages are:

a. $1,650.

b. $500.

c. $1,275.

d. $750

Answer 1

b. $500

Step-by-step explanation:

Ann's damages will be $500 for 500 copies

Contract Price = $3.50

Sales Price = $4.50

=(Sales Price - Contract Price )* Number of copies

=($4.50 - $3.50) * 500

=$1.00 * 500

= $500