When the court awards money damages for breach of contract, it generally measures the damages by what is called the expectation measure or the expectancy. Referring to Hawkins v.
Read moreThis lesson is part of a series of lessons that examines contract remedies. It discusses a breach by the buyer.
Read moreFor better understanding, you should run this lesson after you complete the lesson Contract Tutorials on Remedies - UCC Damage Rules for Buyers.
Read moreThis lesson is part of a series that deal with contracts remedies. While proving the damages, a plaintiff has to prove damages with "reasonable certainty." This lesson explores that principle. The author discusses main concepts that explain the term "reasonable certainty" (the "new business rule", "traditional rule" and "current rule"). Examples of liberalization of the proof requirements for damages in the UCC and in the area of "psychic losses" are also covered.
Read moreThis lesson explains the concept of liquidated damages. A liquidated damages clause in a contract states what damages the breacher will owe the non-breacher in the event of breach.
Read moreThis lesson examines specific performance as a remedy ordered by the court when the money damages will not be adequate.
Read moreThis lesson explores the illegality defense to contract formation.
Read moreThis lesson covers one of the fundamental components of contract formation - mutuality of obligation or commitment. Students learn why mutuality of obligation is an essential element of a contract.
Read moreThis lesson is about satisfaction clauses. This is an area of special concern, as satisfaction clauses appear to make promises illusory.
Read moreThis lesson introduces the student to the doctrine and processes involved in interpreting state and federal statutes. Statutes are a critical part of every substantive area of the law, so this is important background for every student, legal professional, lawyer and judge.
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