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A contracts to buy of B, at a stated price, 50 maunds of rice, no time being fixed for delivery. A…

Illustration (c) to section 73: B gets "the amount, if any, by which the contract price exceeds that which B can obtain for the rice at the time when A informs B that he…

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A contracts to buy of B, at a stated price, 50 maunds of rice, no time being fixed for delivery. A afterwards informs B that he will not accept the rice if tendered. How is B's compensation measured?

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Correct answer C

Illustration (c) to section 73: B gets "the amount, if any, by which the contract price exceeds that which B can obtain for the rice at the time when A informs B that he will not accept it". No delivery date was fixed, so A's refusal is the breach and the market is tested at that moment. B keeps the rice, so he cannot claim the full price.

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