Contracts (Remedies) Flashcards
1
Q
Remember this when you are calculating damages, a builder who has already spent $$$ and the K is cancelled by the other party will likely recover AT LEAST what they already spent
A
The answer will not be any less than what they already spent
2
Q
What happens when a non-breaching buyer accepts non comforming goods?
A
They can recover for the difference in price between the goods they THOUGHT they were getting and the goods they GOT
3
Q
What happens when a non-breaching buyer rejects non-conformings goods?
A
They can recover for the difference in price between the original K price and the costs associated with buying conforming goods
Remedy = Cover Price - K price
