Business Finance Homework Help

I need help with a Business Law question. All explanations and answers will be used to help me learn.

Module 5 Discussion

Pacific Marine, Inc. is a boat retailer. Pacific contracts to sell a 20-foot sailboat to Fred Jones for $25,000. However, Fred repudiates before he is to take delivery. Pacific promptly resells the same boat to Shirley Walker for $25,500. At the time of the resale, Pacific had at least two other identical boats on its lot. Pacific purchased the boat wholesale for $20,000. Pacific brings an action for damages for Fred’s breach. Fred insists that since the same boat was resold for $500 more, Pacific does not have any damages. Is Fred correct? Why or why not? Please cite UCC to support your analysis.

Instructions

Initial Post

• Should be at least 250 words in length.
• Be thoughtful and substantive.
• Correctly reference applicable sections of the UCC.
• Respond to discussion prompt and demonstrate higher order thinking (apply, analyze, synthesize, evaluate, examine, pose, or connect to course concepts).
• Use proper spelling, grammar, and punctuation.