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MMLU-Pro / 1526 / A collector owned a rare 16th-century tapestry. The collector contracted in…
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question
A collector owned a rare 16th-century tapestry. The collector contracted in writing to sell the tapestry to a tapestry dealer for
$100,000. The contract stipulated that delivery would be "F. O. B. at the dealer's shop," with payment to be made one week after tender. When the dealer received the tapestry, he noticed that it had been damaged in transit. The dealer immediately contacted the collector and notified him that he was rejecting the tapestry because it had ripped apart and was becoming unwoven. The collector told the dealer that he would get back to him with re-shipping instructions. The collector did not make any further contact with the dealer. After four weeks, the dealer then sold the tapestry to a buyer for $120,000. If the collector sues the dealer for damages, the collector should recoverPlain-text mathematical notation (without MathML)
A collector owned a rare 16th-century tapestry. The collector contracted in writing to sell the tapestry to a tapestry dealer for $100,000. The contract stipulated that delivery would be "F. O. B. at the dealer's shop," with payment to be made one week after tender. When the dealer received the tapestry, he noticed that it had been damaged in transit. The dealer immediately contacted the collector and notified him that he was rejecting the tapestry because it had ripped apart and was becoming unwoven. The collector told the dealer that he would get back to him with re-shipping instructions. The collector did not make any further contact with the dealer. After four weeks, the dealer then sold the tapestry to a buyer for $120,000. If the collector sues the dealer for damages, the collector should recover
Original LaTeX notation
A collector owned a rare 16th-century tapestry. The collector contracted in writing to sell the tapestry to a tapestry dealer for $100,000. The contract stipulated that delivery would be "F. O. B. at the dealer's shop," with payment to be made one week after tender. When the dealer received the tapestry, he noticed that it had been damaged in transit. The dealer immediately contacted the collector and notified him that he was rejecting the tapestry because it had ripped apart and was becoming unwoven. The collector told the dealer that he would get back to him with re-shipping instructions. The collector did not make any further contact with the dealer. After four weeks, the dealer then sold the tapestry to a buyer for $120,000. If the collector sues the dealer for damages, the collector should recover
category
law
options
- $20,000, which covers the difference between the contract price and the sale price.
- $110,000, which includes a 10% penalty on the resale.
- $100,000, which is the contract price.
- $120,000, which is the resale price.
- Nothing, because the dealer acted within his rights after the collector failed to respond.
- $100,000, because the dealer is entitled to the contract price.
- $20,000, for the loss of potential profit due to the damaged tapestry.
- $120,000, for conversion.
- $108,000, because the dealer is entitled to a reasonable sum not exceeding 10% on the resale.
- $130,000, including the contract price and a penalty for unauthorized resale.
src
ori_mmlu-professional_law
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