Need Help With Damages Hypo

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jaicastel
Posts: 8
Joined: Tue Jan 31, 2012 1:53 pm

Need Help With Damages Hypo

Postby jaicastel » Mon Dec 03, 2012 10:06 pm

Dealer breaks a K by refusing to buy a painting for the K price of 100. Artist spent $60 to make it. The only price artist can get for the painting is $40. It costs $35 to resell painting. Should artist resell?
a) What are expectation damages?
b) What are expectation damages is Artist does not resell?
c) What if the resale costs were $50?

I am getting a wide range of answers. I have

100K Price
- $60 costs to make
= 40 Profits

+ 40 to sell painting to another
- 35 cost to resell
-60 money spent

40 + 55 = 95. Correct answer or nay for A?

Pokemon
Posts: 1863
Joined: Thu Jan 12, 2012 11:58 pm

Re: Need Help With Damages Hypo

Postby Pokemon » Tue Dec 04, 2012 12:51 am

Expectation damages are $100 if there is no resale.


If he resells at $40, but the cost of the resale is $35, then mitigation is $5. So $100-$5= $95. Expectation damages should be $95.



If the resale costs are $50, he should not resale... he needs to mitigate the damages...

It has been over a year, but that is how I see it.




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