Contracts for Sale of Goods (11:III): Difference between revisions
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Contracts for Sale of Goods (11:III) (view source)
Revision as of 20:13, 12 August 2020
, 12 August 2020→b) Damages for Breach of Condition
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==== b) Damages for Breach of Condition ==== | ==== b) Damages for Breach of Condition ==== | ||
As mentioned above, the innocent party has a choice in the face of a breach of condition. | As mentioned above, the innocent party has a choice in the face of a breach of condition. They may (1) accept the repudiation, terminate the contract, and sue for damages right away, or (2), if they have a legitimate interest in doing so, may affirm the contract, wait for the date of performance, and sue for damages for any defect in performance at that date. (In many cases involving one-time sales, the performance date will be contemporaneous with the date of the payment/delivery/breach, rendering this a moot point.) | ||
In deciding whether or not to affirm a contract in order to assess damages at a later date, the client should consider the implications of | In deciding whether or not to affirm a contract in order to assess damages at a later date, the client should consider the implications of their duty to mitigate the loss. In a sale of goods, purchasing the goods from someone else can often mitigate damages; generally no special interest exists in purchasing the particular goods from a particular vendor. | ||
==== c) Specific Performance ==== | ==== c) Specific Performance ==== |