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Unformatted text preview: o Duty to mitigate damages- non-breacher has a duty to lessen/minimize the damages • Liquidated Damages- where the parties agree ahead of time that if the contract is breached the breaching party will pay a specific amount of money o Must be reasonably related to what actual losses might be Equitable Remedies • Specific performance- subject matter of the contract must be unique (the only way you can get the benefit of your bargain is to have the party perform) o Real estate-presumed to be unique (when the seller breaches) o Goods- must be proved unique o Not for Services • Injunction- prevent someone from a specific performance o (Performing of the act will cause you harm) 17:45 17:45...
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This note was uploaded on 03/22/2011 for the course BSL 212 taught by Professor Smith during the Spring '11 term at UConn.
- Spring '11