9 Sep 2022

53

Analysis of a Contract Law Case

Format: APA

Academic level: College

Paper type: Coursework

Words: 323

Pages: 1

Downloads: 0

In the case of Pat and Harry, the contract is valid, and everyone is obliged to perform their duty to fulfill their obligation. Upon successful completion of the contract, Pat would make a profit of $5000. However, the plaintiff found another job that he carried out within the period and made a profit of $4200. From the case above, it would be difficult to award any form of damages to the plaintiff. This is because Pat has not suffered any monetary loss from the contract. He has not incurred any expenses towards fulfilling the contract, and therefore no damages can be awarded (Beale, 2010; Scott & Kraus, 2013). 

It is possible to state that Pat was put in a position he would have been had he successfully performed the contract and realized $5000 as profits. In this case, he has a right to damages by the losses in value, consequential or incidental loss, less avoided cost or loss for not performing the contract. However, he managed to get another job that earned him $4200 as profits. This implies that the total loss incurred during the period was $800 (Beale, 2010; Scott & Kraus, 2013). 

It’s time to jumpstart your paper!

Delegate your assignment to our experts and they will do the rest.

Get custom essay

To succeed in claiming damages for the loss, Pat has to prove that the parties foresaw the loss as brought about by the breach when the contract was made. In this case, it followed from the cause of events, or there were exceptional circumstances beyond the ordinary course of events. The lost profits are not recoverable because there are no expectancy damages. Similarly, Pat did not take any action that indicates the performance of the contract. He has not incurred any expenses to fulfill his obligation and therefore cannot claim damages for any loss (Beale, 2010; Scott & Kraus, 2013). 

The case does not indicate any failure from the plaintiff to perform his duty. In this instance, he can sue Harry and claim for damages for breach of contract. However, damages are not awarded to enrich individuals but to compensate them for losses incurred while executing the contract. Since no actual loss was incurred, Pat cannot succeed in claiming for damages from Harry (Beale, 2010; Scott & Kraus, 2013). 

References 

Beale, H. G. (2010).  Contract law: Cases, materials and text on contract law . Oxford: Hart. 

Scott, R. E., & Kraus, J. S. (2013).  Contract law and theory: selected provisions, Restatement of contracts, Uniform commercial code and CISG . Newark, NJ: LexisNexis 

Illustration
Cite this page

Select style:

Reference

StudyBounty. (2023, September 15). Analysis of a Contract Law Case.
https://studybounty.com/analysis-of-a-contract-law-case-coursework

illustration

Related essays

We post free essay examples for college on a regular basis. Stay in the know!

Cruel and Unusual Punishments

Since the beginning of society, human behaviour has remained to be explained by the social forces that take control. Be it negative or positive, the significance of social forces extend to explain the behaviour of...

Words: 1329

Pages: 5

Views: 104

Serial Killers Phenomena: The Predisposing Factors

CHAPTER 1: INTRODUCTION _Background information _ Ronald and Stephen Holmes in their article _Contemporary Perspective on Serial Murder_ define a serial killer as anyone who murders more than 3 people in a span...

Words: 3648

Pages: 14

Views: 441

Patent Protection Problem

A patent offers inventors the right for a limited period to prevent other people from using or sharing an invention without their authorization. When a patent right is granted to inventors, they are given a limited...

Words: 1707

Pages: 6

Views: 275

General Aspects of Nonprofit Organizations

Nonprofit organizations are prone to the long and tedious legal process of start-up as compared to their for-profit organizations. However, there are similar rules that govern the startup and the existence of both...

Words: 294

Pages: 1

Views: 73

Contract Performance, Breach, and Remedies: Contract Discharge

1\. State whether you conclude the Amended Warehouse Lease is enforceable by Guettinger, or alternatively, whether the Amended Warehouse Lease is null and void, and Smith, therefore, does not have to pay the full...

Words: 291

Pages: 1

Views: 134

US Customs Border Control

Introduction The United States Border Patrol is the federal security law enforcement agency with the task to protect America from illegal immigrants, terrorism and the weapons of mass destruction from entering...

Words: 1371

Pages: 7

Views: 117

illustration

Running out of time?

Entrust your assignment to proficient writers and receive TOP-quality paper before the deadline is over.

Illustration