Contracts (Remedies)

Question 1

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

Answer 1

The answer will not be any less than what they already spent

Question 2

What happens when a non-breaching buyer accepts non comforming goods?

Answer 2

They can recover for the difference in price between the goods they THOUGHT they were getting and the goods they GOT

Question 3

What happens when a non-breaching buyer rejects non-conformings goods?

Answer 3

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