Danny LaBarbera made a contract to buy a vintage car from Dupree Bolton for $20,000. He had already arranged to resell the car to a collector for $30,000. Dupree backed out of the deal, and Danny was unable to find a replacement. Danny sues Dupree
What are his damages?
A) $10,000. This will place Danny in the same position as if the contract had been fulfilled.
B) $20,000. This will satisfy Danny's expectation interest.
C) $30,000. This is what Danny expected to receive from his collector
D) Zero. Danny is no worse off than he was before the breach, since he didn't pay Dupree any of the $20,000.
E) $5,000. Danny was obliged to mitigate his damages.
A
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Indicate whether the statement is true or false
Among other things, a well-planned budget
A) forces you to choose among competing activities. B) plans for savings of at least 20% of your after-tax income. C) must include many categories of income and expense items. D) assures a positive savings each month.