Hadley v Baxendale - I Hadley v Baxendale(1854 Implications...

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
I. Hadley v Baxendale ( 1854 ) Implications: a. Expectation Damages are limited to what an agent with reasonable foresight would incur b. Must inform other parties if unusually high potential damages from Breach i. For R ≤ R* 1. Set D = V(R) – P 2. i.e. usual expectation damages ii. For R>R* 1. Set D = V(R*) – P c. Hadley-Baxendale Rule: i. Effect of HB Rule on Buyer Behavior
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern