Question: Lets assume now that a party has breached a contract. In this part of the course project, you will analyze various scenarios in which a
Lets assume now that a party has breached a contract. In this part of the course project, you will analyze various scenarios in which a breach has occurred and indicate what remedy a court is likely to award the non-breaching party.
- Directions:
- Analyze each scenario in which a party has breached a contract.
- Identify the remedy you believe a court is likely to award the non-breaching party and draft a short response explaining your reasoning.
Contract Scenario 2:
A contractor agreed in writing to build a house on an owners land for $300,000. The contractors expected cost to complete the project was $200,000. Before paying the contractor anything, the owner changed her mind and repudiated the contract after the contractor spent $50,000 on construction costs for the house. The value to the owner of the partially completed house is $40,000.
- What amounts can the contractor claim (1) as compensatory (or expectancy) damages, (2) as reliance damages, and (3) as restitution damages?
| (1) (2) (3) |
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