Multiple Choice
Fact Pattern 7-1
Prudence offered to sell her car to Danny for $3,000. Danny was not sure what to do, so he asked Prudence if she would hold the offer open for him for one week for $50. Prudence said sure, and the parties signed a contract to the effect that Prudence would hold the car. A few hours later, Bobby unexpectedly offered Prudence $3,500 for the car, and Prudence sold it to him on the spot. Danny decided to buy the car, but when he came by to pick it up the next day, it was gone. Prudence gave Danny his $50 back telling him that was her only obligation and that if he had any complaints, he could take it up with Bobby. Danny found a similar car the next week for $3,500 and purchased it.
-Refer to Fact Pattern 7-1.What damages,if any,could Danny likely collect against Bobby in litigation over the car?
A) None
B) Reliance damages consisting of $500
C) Incidental damages consisting of $50
D) Compensatory damages consisting of $500
Correct Answer:

Verified
Correct Answer:
Verified
Q2: If a new law of general application
Q17: Identify and discuss the two elements focused
Q18: Only a licensed attorney can hold a
Q18: What are the four basic elements necessary
Q19: .Whether a contract is a bilateral or
Q21: Which of the following is a technique
Q22: Ann promises to give Carlos $50 if
Q23: In certain cases a court may order
Q53: An agreement between two parties that provides
Q60: Fraud in the _ occurs when a