Sophia Business Law Unit 2 Challenge 2

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The test of whether damages claimed for breach of contract are "foreseeable" is whether __________.  a.) it was reasonably imaginable to the breaching party that a breach of contract would cause... the damages claimed  b.) it was reasonably conceivable to the breaching party that a breach of contract might occur  c.) the amount claimed by the injured party was reasonably fair  d.) the breaching party repudiated a contract in the past and was reasonably likely to do so again Heidi purchases an original work by one of her favorite sculptors from an art dealer for $8,000. After three months of waiting for the sculpture to be delivered, Heidi discovers that the art dealer sold the sculpture to another buyer for $10,000 after her contract was signed. What remedy does Heidi have in this scenario?  a.) Heidi is only entitled to recover the $8,000 that she paid for the sculpture.  b.) Heidi is entitled to sue the new buyer to recover the sculpture, but she has no recourse against the art dealer other than recovering the $8,000 that she paid.  c.) Heidi is entitled to recover her $8000 and any other damages she may be able to prove, including compensatory, consequential, and incidental damages.  d.) Heidi is entitled to punitive damages, so that the art dealer is discouraged from breaking another contract in the future. kackson signs a written contract to purchase a custom sofa for his new home. The custom sofa is designed to fit perfectly in his living room. While the sofa is being built, Jackson notifies the manufacturer that he is insolvent and can no longer fulfill his end of the contract. What remedy does the manufacturer have in this scenario?  a.) The manufacturer has no recourse in this scenario, since the buyer is insolvent.  b.) The manufacturer is obligated to complete production of the sofa and attempt to resell it, but he is entitled to recover any difference between the resale price and the price he contracted with Jackson. [Show More]

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