Final answer:
When a buyer breaches a shipment of goods contract, the seller has the right to recover incidental damages, the difference between the contract price and the market or resale price, and potentially lost profits if neither option adequately compensates them.
Step-by-step explanation:
True.
When a buyer breaches a shipment of goods contract by repudiating its offer, the seller has the right to recover incidental damages, which are the costs incurred as a result of the breach. In addition, the seller has the option to recover either the difference between the contract price and the market price of the goods or the difference between the contract price and the resale price of the goods.
If neither option is adequate to put the seller in a good position, meaning they are still at a loss, the seller may then seek to recover lost profits. Lost profits are the amount of money the seller would have earned if the contract had been fulfilled.
To summarize, the seller can recover incidental damages, the difference between the contract price and the market or resale price, and potentially lost profits if neither option adequately compensates them.