A contracts to sell and deliver to B on the first of January certain cloth which B intends to manufa...........

A contracts to sell and deliver to B, on the first of January, certain cloth which B intends to manufacture into caps of a particular kind, for which there is not demand, except at that season. The cloth is not delivered till after the appointed time, and too late to be used that year in making the caps.

B is entitled to receive from A, by way of compensation, the difference between the contract price of the cloth and its market price at the time of delivery

B is entitled to receive from A, by way of compensation, the difference between the contract price of the cloth and the profits which he expected to obtain by making caps

B is entitled to receive from A, by way of compensation, the difference between the contract price of the cloth and the expenses which he has been put to in making preparation for the manufacture

None of these

Explanation:

B is entitled to receive from A, by way of compensation, the difference between the contract price of the cloth and its market price at the time of delivery