I’m working on a business law discussion question and need an explanation and answer to help me learn.
Cohn advertised a 30-foot sailboat for sale in The New York Times. Fisher saw the ad, inspected the sailboard, and offered Cohn $4,650 for the boat. Can accepted the offer. Fisher gave Cohn a check for $2,535 as a deposit on the boat. He wrote on the check, “Deposit on aux sloop, D’arc Wind, full amount $4,650.” Fisher later refused to go through with the purchase and stopped payment on the deposit check. Cohn then sued Fisher for breach of contract. He asked for damages of $1,679.50. This represented the $1,650 differences between the contract price and the sale price plus $29.50 in incidental expenses in reselling the boat.
(a) What is this measure of damages called? Describe this measure of damages fully.
(b) Is Cohn entitled to this measure of damages? Please respond fully (no less than 4 sentences)
