Asked by Sydney Horton on May 20, 2024

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Under the CISG, what are the damages for breach of contract by one party? Does the aggrieved party have any responsibilities after the breach occurs?

CISG

The United Nations Convention on Contracts for the International Sale of Goods, a set of rules governing the sale of goods between businesses located in different countries.

Damages

Compensation sought or awarded in a lawsuit for harm or injury caused by the wrongdoings of another party.

Breach of Contract

The violation of any agreed-upon terms or conditions in a contract, which may result in legal consequences for the offending party.

  • Distinguish between the Uniform Commercial Code and the International Sales of Goods Convention in terms of the seller's remedies.
  • Comprehend the reasoning for the remedies provided by the Code for breaches in sales contracts and their execution.
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DR
Doris RiveraMay 23, 2024
Final Answer :
Damages for breach of contract by one party consist of a sum equal to the loss, including loss of profit, suffered by the other party as a consequence of the breach. Such damages may not exceed the loss which the party in breach foresaw or should have foreseen at the time of the conclusion of the contract as a possible consequence of the breach. The aggrieved party must take reasonable measures to mitigate the loss resulting from the breach. If he fails to do so, the party in breach may claim a reduction in the damages in the amount by which the loss should have been mitigated.