A seller can recover lost profits in a case where damages measured by the difference between contract price and market price would not put the seller in the same position as the performance of the contract would have
Indicate whether the statement is true or false
TRUE
You might also like to view...
The Federal Unemployment Tax Act (FUTA)
A. Requires both the employer and employee to pay FUTA taxes, although the amounts to be paid by each are different. B. Does not apply to businesses with fewer than 35 employees. C. Does not apply to employers that conduct business in only one state and employ only residents of that state. D. Allows the employer to take a credit against the FUTA tax if contributions are made to a state unemployment fund.
All of the following are ISO personal umbrella liability policy exclusions EXCEPT
A) liability arising out of uncompensated board service for a nonprofit organization. B) liability arising out of expected or intentional injury. C) liability arising out of business operations. D) liability arising out of operation of watercraft not covered by an underlying policy.