george mason school of law
DESCRIPTION
George Mason School of Law. Contracts II Specific Performance F.H. Buckley [email protected]. When might damages not suffice?. Things of idiosyncratic value to a purchaser. When do damages not suffice?. Things of idiosyncratic value to a purchaser Land: Lucy v. Zehmer. - PowerPoint PPT PresentationTRANSCRIPT
![Page 2: George Mason School of Law](https://reader035.vdocuments.us/reader035/viewer/2022062422/56812fc6550346895d9545ab/html5/thumbnails/2.jpg)
When might damages not suffice?
Things of idiosyncratic value to a purchaser
2
![Page 3: George Mason School of Law](https://reader035.vdocuments.us/reader035/viewer/2022062422/56812fc6550346895d9545ab/html5/thumbnails/3.jpg)
When do damages not suffice?
Things of idiosyncratic value to a purchaser Land: Lucy v. Zehmer
3
“Tis the only thing worth fighting for, worth dying for”
![Page 4: George Mason School of Law](https://reader035.vdocuments.us/reader035/viewer/2022062422/56812fc6550346895d9545ab/html5/thumbnails/4.jpg)
When do damages not suffice?
Things of idiosyncratic value to a purchaser Heirlooms
4
The Pusey Horn
![Page 5: George Mason School of Law](https://reader035.vdocuments.us/reader035/viewer/2022062422/56812fc6550346895d9545ab/html5/thumbnails/5.jpg)
When do damages not suffice?
Things of idiosyncratic value to a purchaser Beyond that? Sedmak
5
1978 Corvette Pace Car
![Page 6: George Mason School of Law](https://reader035.vdocuments.us/reader035/viewer/2022062422/56812fc6550346895d9545ab/html5/thumbnails/6.jpg)
When do damages not suffice?
Things of idiosyncratic value to a purchaser Beyond that? Sedmak
Deposit paid, sale at MSRP with options After the changes, dealer to provide a
“contract”
6
![Page 7: George Mason School of Law](https://reader035.vdocuments.us/reader035/viewer/2022062422/56812fc6550346895d9545ab/html5/thumbnails/7.jpg)
When do damages not suffice?
Things of idiosyncratic value to a purchaser Beyond that? Sedmak
Was there a contract?
7
![Page 8: George Mason School of Law](https://reader035.vdocuments.us/reader035/viewer/2022062422/56812fc6550346895d9545ab/html5/thumbnails/8.jpg)
When do damages not suffice?
Things of idiosyncratic value to a purchaser Beyond that? Sedmak
Was there a contract? Statute of Frauds
8
![Page 9: George Mason School of Law](https://reader035.vdocuments.us/reader035/viewer/2022062422/56812fc6550346895d9545ab/html5/thumbnails/9.jpg)
When do damages not suffice?
Things of idiosyncratic value to a purchaser Beyond that? Sedmak
Specific Performance UCC § 2-716(1): “unique goods or in other proper
circumstances” Comment 1
9
![Page 10: George Mason School of Law](https://reader035.vdocuments.us/reader035/viewer/2022062422/56812fc6550346895d9545ab/html5/thumbnails/10.jpg)
When do damages not suffice?
Why “proper circumstances” in Sedmak?
10
![Page 11: George Mason School of Law](https://reader035.vdocuments.us/reader035/viewer/2022062422/56812fc6550346895d9545ab/html5/thumbnails/11.jpg)
When do damages not suffice?
Why “proper circumstances” in Sedmak? Limited production and availability
problems Rise in price?
Why not monetary damages for this?
11
![Page 12: George Mason School of Law](https://reader035.vdocuments.us/reader035/viewer/2022062422/56812fc6550346895d9545ab/html5/thumbnails/12.jpg)
When do damages not suffice?: Klein v. Pepsico
12
The Law School’s Gulfstream G-IIThe “Efficient Breach”
![Page 13: George Mason School of Law](https://reader035.vdocuments.us/reader035/viewer/2022062422/56812fc6550346895d9545ab/html5/thumbnails/13.jpg)
When do damages not suffice?
Klein v. Pepsico
13
Donald Kendall pours Nikita Krushschev a pepsias Richard Nixon observes, 1959
![Page 14: George Mason School of Law](https://reader035.vdocuments.us/reader035/viewer/2022062422/56812fc6550346895d9545ab/html5/thumbnails/14.jpg)
When do damages not suffice?
Klein v. Pepsico Was the plane unique? What about the price increase?
14
![Page 15: George Mason School of Law](https://reader035.vdocuments.us/reader035/viewer/2022062422/56812fc6550346895d9545ab/html5/thumbnails/15.jpg)
When do damages not suffice?
Klein v. Pepsico Was the plane unique? What about the price increase?
Could money damages make the Π whole with respect to the price increase?
15
![Page 16: George Mason School of Law](https://reader035.vdocuments.us/reader035/viewer/2022062422/56812fc6550346895d9545ab/html5/thumbnails/16.jpg)
When do damages not suffice?
Klein v. Pepsico Was the plane unique? What about the price increase?
Could money damages make the Π whole with respect to the price increase?
Would they make him whole under UCC §§ 2-712, 2-715?
16
![Page 17: George Mason School of Law](https://reader035.vdocuments.us/reader035/viewer/2022062422/56812fc6550346895d9545ab/html5/thumbnails/17.jpg)
When do damages not suffice?
Klein v. Pepsico Was the plane unique? What about the price increase?
Who bears the risk of a cover? Is it solely the buyer? Does the seller have an incentive to “cover”?
17
![Page 18: George Mason School of Law](https://reader035.vdocuments.us/reader035/viewer/2022062422/56812fc6550346895d9545ab/html5/thumbnails/18.jpg)
When do damages not suffice?
Klein v. Pepsico Was the plane unique? What about the price increase?
Who bears the risk of a cover? Is it solely the buyer? Does the seller have an incentive to “cover”? Do damages systematically undercompensate?
The American rule of costs
18
![Page 19: George Mason School of Law](https://reader035.vdocuments.us/reader035/viewer/2022062422/56812fc6550346895d9545ab/html5/thumbnails/19.jpg)
When do damages not suffice?
Klein v. Pepsico Was the plane unique? What about the price increase?
Who bears the risk of a cover? Is it solely the buyer? Does the seller have an incentive to “cover”? Do damages systematically undercompensate? Does that explain why SP is sought?
Or denied?
19
![Page 20: George Mason School of Law](https://reader035.vdocuments.us/reader035/viewer/2022062422/56812fc6550346895d9545ab/html5/thumbnails/20.jpg)
When do damages not suffice?
Triple A Baseball Club
20
The Maine Phillies
![Page 21: George Mason School of Law](https://reader035.vdocuments.us/reader035/viewer/2022062422/56812fc6550346895d9545ab/html5/thumbnails/21.jpg)
When do damages not suffice?
Triple A Baseball Club
21
Doug Jones, 303 saves in the majors
![Page 22: George Mason School of Law](https://reader035.vdocuments.us/reader035/viewer/2022062422/56812fc6550346895d9545ab/html5/thumbnails/22.jpg)
When do damages not suffice?
Monetary Specific Performance: Bander v. Grossman
22
Aston Martin DB-5
![Page 23: George Mason School of Law](https://reader035.vdocuments.us/reader035/viewer/2022062422/56812fc6550346895d9545ab/html5/thumbnails/23.jpg)
When do damages not suffice?
Monetary Specific Performance: Bander v. Grossman Purchase price of $40,000 Price at breach of $60,000 Resale for $225,000 Price at trial of $80,000
23
Aston Martin DB-5
![Page 24: George Mason School of Law](https://reader035.vdocuments.us/reader035/viewer/2022062422/56812fc6550346895d9545ab/html5/thumbnails/24.jpg)
When do damages not suffice?
Monetary Specific Performance: Bander v. Grossman Purchase price of $40,000 Price at breach of $60,000 Resale for $225,000 Price at trial of $80,000 Damages of $20,000 awarded
24
Aston Martin DB-5
![Page 25: George Mason School of Law](https://reader035.vdocuments.us/reader035/viewer/2022062422/56812fc6550346895d9545ab/html5/thumbnails/25.jpg)
When do damages not suffice?
Marketing Contracts: Playgirl
25
Centerfold Winner Sen. Scott Brown (R. MA)
![Page 26: George Mason School of Law](https://reader035.vdocuments.us/reader035/viewer/2022062422/56812fc6550346895d9545ab/html5/thumbnails/26.jpg)
When do damages not suffice?
Marketing Contracts: Playgirl Is it indeed the case that “Playgirl alone and
uniquely provides an advertising audience composed of young, malleable and affluent females”?
26
![Page 27: George Mason School of Law](https://reader035.vdocuments.us/reader035/viewer/2022062422/56812fc6550346895d9545ab/html5/thumbnails/27.jpg)
When do damages not suffice?
Marketing Contracts: Playgirl Is it indeed the case that “Playgirl alone and
uniquely provides an advertising audience composed of young, malleable and affluent females”?
The Court: We think there are a lot of other magazines that cater to this market
27
![Page 28: George Mason School of Law](https://reader035.vdocuments.us/reader035/viewer/2022062422/56812fc6550346895d9545ab/html5/thumbnails/28.jpg)
When might damages suffice?
When damages as wholly compensatory, SP might overcompensate Jacob and Youngs v. Kent: what result if SP
had been available?
28
![Page 29: George Mason School of Law](https://reader035.vdocuments.us/reader035/viewer/2022062422/56812fc6550346895d9545ab/html5/thumbnails/29.jpg)
When might damages suffice?
When damages as wholly compensatory, SP might overcompensate
Costs of judicial supervision of performance
29
![Page 30: George Mason School of Law](https://reader035.vdocuments.us/reader035/viewer/2022062422/56812fc6550346895d9545ab/html5/thumbnails/30.jpg)
When might damages suffice?
When damages as wholly compensatory, SP might overcompensate
Costs of judicial supervision of performance
Interference with liberty interests
30
![Page 31: George Mason School of Law](https://reader035.vdocuments.us/reader035/viewer/2022062422/56812fc6550346895d9545ab/html5/thumbnails/31.jpg)
When do damages not suffice?
Personal Services
http://www.youtube.com/watch?v=iXw9olWJ0Ak
31
Anita Baker
![Page 32: George Mason School of Law](https://reader035.vdocuments.us/reader035/viewer/2022062422/56812fc6550346895d9545ab/html5/thumbnails/32.jpg)
When do damages not suffice? Personal Services
No SP, no injunction Damages remedy against Warner
http://www.youtube.com/watch?v=iXw9olWJ0Ak
32