Protection of Seller's Interests under Buyer's Breach

Asha Sadanand

Canadian Journal of Economics, 1989, vol. 22, issue 4, pages 910-16

Abstract: This note concerns the selection of objectives to be held when compensating sellers for buyer's breach. Our legal system employs the objective of the protection of expectation interest, which holds that the seller should be made as well off as he or she would have been had the contract not been broken. Remedies resulting from this objective are very useful as a practical matter, since they indicate to the courts how to achieve the goal they desire. Another possible objective, which would be of academic interest mostly, is economic efficiency. In evaluating the economic efficiency of existing remedies, it is important to consider the effect on the entire market, since the welfare implications of the remedies are often not limited to the two parties to the contract.

Date: 1989

Downloads: (external link)
http://links.jstor.org/sici?sici=0008-4085%2819891 ... OSIUB%3E2.0.CO%3B2-1 (text/html)
only available to JSTOR subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:cje:issued:v:22:y:1989:i:4:p:910-16

Ordering information: This journal article can be ordered from
http://economics.ca/en/membership.php

Access Statistics for this article

Canadian Journal of Economics is edited by David Green

More articles in Canadian Journal of Economics from Canadian Economics Association
Address: Canadian Economics Association Prof. Steven Ambler, Secretary-Treasurer c/o Olivier Lebert, CEA/CJE/CPP Office C.P. 35006, 1221 Fleury Est Montréal, Québec, Canada H2C 3K4
Contact information at EDIRC.
Series data maintained by Prof. Werner Antweiler ().