Deposits contract question
Posted: 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!
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!