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Remedies Part A (Nonmonetary Damages (Article 2 nonmonetary remedies…
Remedies Part A
Nonmonetary Damages
Specific Performance
Land or unique goods
Not available for service contracts
Can do injunction though
Covenant not to compete
Equitable defenses
Latches
Unclean Hands
Sale to Bona Fide Purchaser
Article 2 nonmonetary remedies
Cancellation
Buyer's right to replevy
On buyer's Prepayment
on buyer's inability to cover
Buyer's right to Specific Performance
Seller's right to recover
Buyer's Insolvency
Right to recover shipped goods from bailee
Seller's ability to force goods is limited
Right to demand Assurances
2-609
Monetary Remedy Damages
Compensatory Damages
Expectation damages
Reliance Damages
Consequential Damages
Incidental damages
Certainty Rule
Punitive Damages
Nominal Damages
Liquidated Damages
Damages difficult to estimate
Reasonable forcast
UCC 2-718(1)
Recoverable even if no actual damages
Buyer's Damages
Seller does not deliver or rejects goods
Difference btwn Market price and contract price
Cover damages
Seller delivers nonconforming goods
Warranty Damages
Notice Requirement
Seller's Anticipatory Breach
Measured at the time of breach
Consequential Damages
Goods for resale
Goods Necessary for Manufacturing