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Banquets & Parties (B&P) Contracts to Buy 1,000 Balloons from Gas

Question 45

Multiple Choice

Banquets & Parties (B&P) contracts to buy 1,000 balloons from Gas Bags, Inc., for $1 per item. When the market price decreases to 50 cents per balloon, B&P refuses to go through with the deal. Gas Bags can recover as contract damages


A) $1,500.
B) $1,000.
C) $500.
D) $0.

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