Author Question: Bankruptcy is regulated by federal law. Indicate whether the statement is true or ... (Read 54 times)

magmichele12 · **on:** Jun 24, 2018

Bankruptcy is regulated by federal law.
Indicate whether the statement is true or false

Question 2

Seller in Georgia and buyer in the Netherlands enter into a contract for the sale of goods, CIF port of Amsterdam. The seller refused to ship. The buyer brings an action for damages. In the United States, a court would probably rule that:
A) the seller was correct in not shipping until payment was received.
B) the damages should be measured by the difference between the contract price and the market price of the goods at the port of shipment.
C) the damages should be measured by the difference between the contract price and the market price of the goods in Amsterdam at the time the documents would have been presented to the buyer for payment.
D) none of the above.