MGMT 0130 Lecture Notes - Lecture 19: Fundamental Breach

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On august 1, brian contractually agreed to purchase a diamond from mila for 000. On that date, brian pre-paid half of the purchase price and promised to pay the other half upon delivery. Mila promised to deliver the diamond to brian on october 1. The diamond has a unique size and shape. In anticipation of receiving it, brian spent 000 on a custom-made ring that could accommodate the diamond. On september 1, political revolutions in several diamond producing countries disrupted the flow of diamonds. The diamond that was the subject of brian and mila"s contract consequently increased in value to 000. Mila therefore refused to deliver the diamond to brian. Brian is entitled to receive reliance damages of no more than 000. On march 1, joe contractually agreed to purchase an antique family heirloom from his third cousin, maureen, for 000.

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