Solved

The Fair Market Value of a 10-Foot Fishing Boat Is

Question 60

Multiple Choice

The fair market value of a 10-foot fishing boat is $1,000.In a special promotion,J's Marina purchases a 10-foot fishing boat for $900.The boat is badly scratched when it arrives.J's Marina,however,accepts the shipment and notifies the seller of the defect.The boat as delivered has a value of $800.If the damaged boat is a breach of warranty by the seller,the buyer may recover from the seller:


A) $100.
B) $100 plus incidental and consequential damages.
C) $200.
D) $200 plus incidental and consequential damages.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions