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§ 55-2A-212. Section 55-2A-212 - Implied warranty of merchantability (1) Except in a finance lease, a warranty that the goods will be merchantable is implied in a lease contract if the lessor is a merchant with respect to goods of that kind.
Commonly, consequential damages include property damage, personal injury, attorneys' fee, lost profits, loss of use, liability of buyer to customers, loss of goodwill, interest on money withheld by customers, and damages related to third party claims.
These are also referred to as ?consequential damages,? and will cover any loss you suffered due to the breach of contract so long as the damage or harm is reasonably foreseeable. This refers to actual losses resulting from the contractual breach, but that were suffered as an indirect result of the breach.
Three ways to make a consumer complaint: File a Consumer Complaint Online. The City of Albuquerque Office of Consumer Protection accepts complaints from consumers about businesses. ... File a Consumer Complaint by Phone. You can also file a complaint by phone by calling 505-768-4596. Submit an Anonymous Tip Online.
(1) Damages for breach by either party may be liquidated in the agreement but only at an amount which is reasonable in the light of the anticipated or actual harm caused by the breach, the difficulties of proof of loss and the inconvenience or nonfeasibility of otherwise obtaining an adequate remedy.
Under this general definition, it doesn't matter whether the agreement was oral or written, if you do not perform your agreed upon term you are in breach of the contract. A legitimate legal excuse. If the any of the terms of the contract made the contract unenforceable, the party in breach may have a legal excuse.
It is recoverable only if the paying party knew or should have known of that circumstance when it made the contract, under the second limb of the rule in Hadley v Baxendale [1854] EWHC Exch J70. By definition, therefore, consequential losses are exceptional and often not recoverable.
Consequential damages, otherwise known as special damages, are damages that can be proven to have occurred because of the failure of one party to meet a contractual obligation, a breach of contract.