1 george mason school of law contracts ii specific performance f.h. buckley [email protected]
TRANSCRIPT
![Page 2: 1 George Mason School of Law Contracts II Specific Performance F.H. Buckley fbuckley@gmu.edu](https://reader036.vdocument.in/reader036/viewer/2022062714/56649d185503460f949edc06/html5/thumbnails/2.jpg)
When might damages not suffice?
2
![Page 3: 1 George Mason School of Law Contracts II Specific Performance F.H. Buckley fbuckley@gmu.edu](https://reader036.vdocument.in/reader036/viewer/2022062714/56649d185503460f949edc06/html5/thumbnails/3.jpg)
When might damages not suffice?
Things of idiosyncratic value to a purchaser
3
![Page 4: 1 George Mason School of Law Contracts II Specific Performance F.H. Buckley fbuckley@gmu.edu](https://reader036.vdocument.in/reader036/viewer/2022062714/56649d185503460f949edc06/html5/thumbnails/4.jpg)
When do damages not suffice?
Things of idiosyncratic value to a purchaser Land: Lucy v. Zehmer
4
“Tis the only thing worth fighting for, worth dying for”
![Page 5: 1 George Mason School of Law Contracts II Specific Performance F.H. Buckley fbuckley@gmu.edu](https://reader036.vdocument.in/reader036/viewer/2022062714/56649d185503460f949edc06/html5/thumbnails/5.jpg)
When do damages not suffice?
Things of idiosyncratic value to a purchaser Heirlooms
5
The Pusey Horn
![Page 6: 1 George Mason School of Law Contracts II Specific Performance F.H. Buckley fbuckley@gmu.edu](https://reader036.vdocument.in/reader036/viewer/2022062714/56649d185503460f949edc06/html5/thumbnails/6.jpg)
When do damages not suffice?
Things of idiosyncratic value to a purchaser Beyond that? Sedmak 880
6
1978 Corvette Pace Car
![Page 7: 1 George Mason School of Law Contracts II Specific Performance F.H. Buckley fbuckley@gmu.edu](https://reader036.vdocument.in/reader036/viewer/2022062714/56649d185503460f949edc06/html5/thumbnails/7.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”
7
![Page 8: 1 George Mason School of Law Contracts II Specific Performance F.H. Buckley fbuckley@gmu.edu](https://reader036.vdocument.in/reader036/viewer/2022062714/56649d185503460f949edc06/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: 1 George Mason School of Law Contracts II Specific Performance F.H. Buckley fbuckley@gmu.edu](https://reader036.vdocument.in/reader036/viewer/2022062714/56649d185503460f949edc06/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: 1 George Mason School of Law Contracts II Specific Performance F.H. Buckley fbuckley@gmu.edu](https://reader036.vdocument.in/reader036/viewer/2022062714/56649d185503460f949edc06/html5/thumbnails/10.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?
10
![Page 11: 1 George Mason School of Law Contracts II Specific Performance F.H. Buckley fbuckley@gmu.edu](https://reader036.vdocument.in/reader036/viewer/2022062714/56649d185503460f949edc06/html5/thumbnails/11.jpg)
When do damages not suffice?
Klein v. Pepsico 107
11
The Law School’s Gulfstream G-II“The Efficient Breach”
![Page 12: 1 George Mason School of Law Contracts II Specific Performance F.H. Buckley fbuckley@gmu.edu](https://reader036.vdocument.in/reader036/viewer/2022062714/56649d185503460f949edc06/html5/thumbnails/12.jpg)
When do damages not suffice?
Klein v. Pepsico
12
Donald Kendall pours Nikita Krushschev a Pepsias Richard Nixon observes, 1959
![Page 13: 1 George Mason School of Law Contracts II Specific Performance F.H. Buckley fbuckley@gmu.edu](https://reader036.vdocument.in/reader036/viewer/2022062714/56649d185503460f949edc06/html5/thumbnails/13.jpg)
When do damages not suffice?
Klein v. Pepsico Was the plane unique? What about the price increase?
13
![Page 14: 1 George Mason School of Law Contracts II Specific Performance F.H. Buckley fbuckley@gmu.edu](https://reader036.vdocument.in/reader036/viewer/2022062714/56649d185503460f949edc06/html5/thumbnails/14.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?
14
![Page 15: 1 George Mason School of Law Contracts II Specific Performance F.H. Buckley fbuckley@gmu.edu](https://reader036.vdocument.in/reader036/viewer/2022062714/56649d185503460f949edc06/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?
Would they make him whole under UCC §§ 2-712, 2-715?
15
![Page 16: 1 George Mason School of Law Contracts II Specific Performance F.H. Buckley fbuckley@gmu.edu](https://reader036.vdocument.in/reader036/viewer/2022062714/56649d185503460f949edc06/html5/thumbnails/16.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”?
16
![Page 17: 1 George Mason School of Law Contracts II Specific Performance F.H. Buckley fbuckley@gmu.edu](https://reader036.vdocument.in/reader036/viewer/2022062714/56649d185503460f949edc06/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”? Do damages systematically undercompensate?
The American rule of costs
17
![Page 18: 1 George Mason School of Law Contracts II Specific Performance F.H. Buckley fbuckley@gmu.edu](https://reader036.vdocument.in/reader036/viewer/2022062714/56649d185503460f949edc06/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? Does that explain why SP is sought?
Or denied?
18
![Page 19: 1 George Mason School of Law Contracts II Specific Performance F.H. Buckley fbuckley@gmu.edu](https://reader036.vdocument.in/reader036/viewer/2022062714/56649d185503460f949edc06/html5/thumbnails/19.jpg)
When do damages not suffice?
Triple A Baseball Club 883
19
The Maine Phillies
![Page 20: 1 George Mason School of Law Contracts II Specific Performance F.H. Buckley fbuckley@gmu.edu](https://reader036.vdocument.in/reader036/viewer/2022062714/56649d185503460f949edc06/html5/thumbnails/20.jpg)
When do damages not suffice?
Triple A Baseball Club
20
Doug Jones, 303 saves in the majors
![Page 21: 1 George Mason School of Law Contracts II Specific Performance F.H. Buckley fbuckley@gmu.edu](https://reader036.vdocument.in/reader036/viewer/2022062714/56649d185503460f949edc06/html5/thumbnails/21.jpg)
When do damages not suffice?
Monetary Specific Performance: Bander v. Grossman 884
21
Aston Martin DB-5
![Page 22: 1 George Mason School of Law Contracts II Specific Performance F.H. Buckley fbuckley@gmu.edu](https://reader036.vdocument.in/reader036/viewer/2022062714/56649d185503460f949edc06/html5/thumbnails/22.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
22
![Page 23: 1 George Mason School of Law Contracts II Specific Performance F.H. Buckley fbuckley@gmu.edu](https://reader036.vdocument.in/reader036/viewer/2022062714/56649d185503460f949edc06/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 Damages of $20,000 awarded
23
![Page 24: 1 George Mason School of Law Contracts II Specific Performance F.H. Buckley fbuckley@gmu.edu](https://reader036.vdocument.in/reader036/viewer/2022062714/56649d185503460f949edc06/html5/thumbnails/24.jpg)
When do damages not suffice?
Marketing Contracts: Playgirl 886
24
Centerfold Winner Sen. Scott Brown (R. MA)
![Page 25: 1 George Mason School of Law Contracts II Specific Performance F.H. Buckley fbuckley@gmu.edu](https://reader036.vdocument.in/reader036/viewer/2022062714/56649d185503460f949edc06/html5/thumbnails/25.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”?
25
![Page 26: 1 George Mason School of Law Contracts II Specific Performance F.H. Buckley fbuckley@gmu.edu](https://reader036.vdocument.in/reader036/viewer/2022062714/56649d185503460f949edc06/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”?
The Court: We think there are a lot of other magazines that cater to this market
26
![Page 27: 1 George Mason School of Law Contracts II Specific Performance F.H. Buckley fbuckley@gmu.edu](https://reader036.vdocument.in/reader036/viewer/2022062714/56649d185503460f949edc06/html5/thumbnails/27.jpg)
When might damages suffice?
When damages are wholly compensatory, might SP overcompensate?
27
![Page 28: 1 George Mason School of Law Contracts II Specific Performance F.H. Buckley fbuckley@gmu.edu](https://reader036.vdocument.in/reader036/viewer/2022062714/56649d185503460f949edc06/html5/thumbnails/28.jpg)
When might damages suffice?
When damages are wholly compensatory, SP might overcompensate Jacob and Youngs v. Kent: what result if SP
had been available?
28
![Page 29: 1 George Mason School of Law Contracts II Specific Performance F.H. Buckley fbuckley@gmu.edu](https://reader036.vdocument.in/reader036/viewer/2022062714/56649d185503460f949edc06/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: 1 George Mason School of Law Contracts II Specific Performance F.H. Buckley fbuckley@gmu.edu](https://reader036.vdocument.in/reader036/viewer/2022062714/56649d185503460f949edc06/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: 1 George Mason School of Law Contracts II Specific Performance F.H. Buckley fbuckley@gmu.edu](https://reader036.vdocument.in/reader036/viewer/2022062714/56649d185503460f949edc06/html5/thumbnails/31.jpg)
When do damages not suffice?
Personal Services
http://www.youtube.com/watch?v=iXw9olWJ0Ak
31
Anita Baker
![Page 32: 1 George Mason School of Law Contracts II Specific Performance F.H. Buckley fbuckley@gmu.edu](https://reader036.vdocument.in/reader036/viewer/2022062714/56649d185503460f949edc06/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