Breezy Bank agreed to lend Connor, a merchant, $10,000 for o…

Written by Anonymous on April 29, 2026 in Uncategorized with no comments.

Questions

Breezy Bаnk аgreed tо lend Cоnnоr, а merchant, $10,000 for one year at 8% interest. The loan proceeds were to be disbursed within two weeks. Connor intended to use the loan proceeds to purchase a specific shipment of carpets for resale at an expected profit of $5,000 but said nothing about these plans to Breezy Bank. Breezy Bank failed to disburse the proceeds and refused to assure Connor that it would do so. Connor was able to secure a loan from another lender at 10% interest for one year. However, by the time Connor started the application process for a substitute loan, it was too late to pursue the opportunity to buy the shipment of carpets.In an action against Breezy Bank for breach of contract, which of the following amounts is Connor likely to recover?

Comments are closed.