Question

You operate a business selling state of the art computers. You have signed a contract with a local university to sell them 1,000 computers for $600,000. After signing the contract you return to your office and receive a call from a local college that would like to order 1,000 computers and because they need the computers immediately they will pay $750,000. In order to fill the order for the college you would need to breach the contract that you just signed with the university.

Would you breach the contract that you entered into with the university? What factors would you consider in reaching your decision? What consequences might arise if you breach the contract with the university?

300 or more words

thanks

Answer 1

No, I would not breach the contract that I entered into with the university.

The factors I consider in reaching my decision?

1. Punitive factor are meant to punish a Defendant for particular negligence.

2. General factor seek in conjunction with the business loyalty.

3. Compensatory factor are generally the most identifiable and concrete type

Consequences might arise if i breach the contract with the university?

1. Compensatory damages, which reimburse actual losses .

2. where the court orders the breaching party to perform based on the terms of the contract.

3. Consequential and incidental damages, including future losses caused by the breach.

4. Liquidated damages, based on a contract term or sometimes by a court judgment.