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linwen cheng
on Nov 21, 2024

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Abel is a seller of rare sports cards. Yolanda asks Abel to find her a Babe Ruth rookie baseball card and agrees to pay him a $1,000 finders fee above the price of the card. Abel finds a card that Josef has for sale and enters into a contract with Josef to buy the card. Josef is supposed to send it by Tuesday because Yolanda is leaving the country on Thursday. Josef never sends the card, and Yolanda tells Abel to forget it because she is leaving the country. If Abel sues Josef for $1,000 in damages, is he likely to win?

A) No because Josef did not breach the contract.
B) No because the damages are too speculative.
C) No because you can never obtain compensation for lost profits in contract cases
D) Yes, because the $1,000 is an appropriate amount of punitive damages.
E) Yes, because the $1,000 is a consequential damage of breach.

Consequential Damage

Losses that occur as a secondary result of a direct loss or damage.

Breach

The violation of a law, duty, or other form of agreement.

  • Differentiate among various categories of damages (consequential, incidental, and remedial) and their relevance in instances of contract breaches.
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KL
Katelyn LandrumNov 27, 2024
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