Contracts II - C ONTRACTS II Despite the objections of...

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Unformatted text preview: C ONTRACTS II Despite the objections of seventeenth century Englishmen on the subject Professor Rosenthal Spring 2000 St. Johns University School of Law Prepared by Daniel B. OSullivan T ABLE OF C ONTENTS REMEDIES...................................................................................................................................................................1 T YPES OF R ECOVERY .......................................................................................................................................................2 C ALCULATION OF D AMAGES .............................................................................................................................................3 Formulae for Non-Substitutional Relief................................................................................................................3 Lost Volume...........................................................................................................................................................4 LOSING CONTRACTS\L3.......................................................................................................................................4 B UYER S R EMEDIES ........................................................................................................................................................5 Common Law........................................................................................................................................................5 UCC 2-711 Right to Reject or Failure to Deliver..............................................................................................5 UCC 2-712 Cover..............................................................................................................................................5 UCC 2-713 Market Price...................................................................................................................................6 UCC 2-715 Incidental and Consequential Damages.........................................................................................6 SELLERS REMEDIES\L2.......................................................................................................................................7 UCC 2-708 Market Price or Lost Profits...........................................................................................................7 UCC 2-706 Resale..............................................................................................................................................8 UCC 2-710 INCIDENTAL DAMAGES...................................................................................................................8 UCC 2-718(1) Liquidated Damages..................................................................................................................8 UCC 2-718(2) Down Payment...........................................................................................................................8UCC 2-718(2) Down Payment....
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Contracts II - C ONTRACTS II Despite the objections of...

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