Caporegime
- Joined
- 20 Oct 2002
- Posts
- 76,003
- Location
- Wish i was in a Ramen Shop Counter
Answering a few of these, but this is in NO way meant to be advice for the OP. Just general points on the law.
Technically, he did mitigate his loss by selling it on and getting as much as he could for it. Whether or not he mitigated it as much as he could have (by setting a reserve for instance) is more of a grey area and where some of the arguments would come into. What if it was an item that lost value as time went on, so the earlier you sell it, the more you'd get for it, so even without a reserve, selling it asap would get more than waiting with a reserve and potentially not selling it? Of course the opposite could be the case if the value would increase and so selling it asap is not mitigating loss properly.
To your PPS - yes, theoretically the buyer could, as he has suffered loss due to the seller's breach of the contract. This is the reason why almost all business contracts specifically exclude liability for indirect loss, to avoid being liable for secondary issues like this. To weringo's point, the aim of the law is to put the parties in the position if the contract had been properly performed (the point you stated regarding it never have happened is the case for Tort), so if a party has suffered loss due to the other party's failure to perform the contract, then they should be made whole. However, sometimes the loss suffered is pretty remote (hence when evaluating damages, rules of remoteness are taken into account too) so wouldn't be recoverable necessarily, and the contracts then specifically exclude liability to be on the safe side.
I can go into more detail, but enough of a primer on contract law as it isSuffice to say, it isn't as straightforward as the OP makes it out to be and there are a number of other factors to be taken into account as well. Overall, really not worth the headache given the amounts involved here.
I am sure a lot of these academically on paper you could and one could argue until the cows come home about it. But back in the real world, over £100? This is almost as strange as academically you can be arrested for stealing your own coat.
Last edited: