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What Is the Significance of a Seller Being Determined to Be

Question 88

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What is the significance of a seller being determined to be a lost volume seller?


A) A lost volume seller is entitled to recover lost profits in the event of a breach by the buyer rather than recovering only the difference in price from selling the goods to an alternate buyer.
B) With a lost volume seller, the buyer must reject either all of the goods or none of the goods when some of them are nonconforming.
C) The buyer from a lost volume seller is not able to use the remedy of cover.
D) With a lost volume seller, the seller can recover punitive damages from the buyer.
E) Specific performance is generally available in contracts involving a lost volume seller.

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