Deposits contract question

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Deposits contract question

Postby Asleep » Tue Dec 06, 2011 8:08 pm

I'm having a hard time deciphering exactly what the UCC law says here. Say I breached a contract for 1200 dollars where I put down a $300 deposit and 1100 of those damages were mitigated.

Do I get 200 dollars back because I only lose the 100 dollars for damages?

Do I get $60 dollars back because I lose $240 (20% of contract price)?

Or some other option?

My inclination is the second option, but some people I talked to thought differently.

Thank you for any help!

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