BU231 Lecture Notes - Consumer Protection
Document Summary
Frees themselves, allows to go enter contract with someone else. Problem with second position run a risk, especially if there is a time frame. Tort law, obligation to reduce damages where possible. Follows into contract law, has obligation to act reasonably. A contract, need to know when acceptance occurs. Can occur before performance is due or at time performance is due. Nature of failure dictates type of remedies available. Is the actual deficiency important to the performance. Courts will not defeat bargain freely made between parties. One side note cannot exempt self from consumer protection act. Business to business huge corporation, that idea that you are forcing risk allocation on someone. Have to watch for that, both have equal bargaining power, both parties agreed.