V. Remedies for Unexcused Non-Performance Flashcards
1
Q
Specific Performance
A
Only if money damages inadequate. Generally wrong answer.
2
Q
Reclamation
A
Delivery of goods on credit to buyer insolvent at time of receipt. Timely (generally 10 days from buyer’s receipt of goods).
3
Q
Money Damages
A
Generally expectation damages–Compensate by putting P in same position as if K had been performed w/out breach.
- (1) Determine Dollar Result of Performance w/out Breach
- (2) Determine Dollar Result of Performance w/Breach
- (3) Compare 1 & 2
More than 1 Q. on Consequential Damages:
- Look for special facts abotu buyer that caused it to sustain special loss
- Recoverable only if other party knew special facts at time of K