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Howe v. Smith (1884) 27 Ch. D. 89.

Defaulting Purchasers Lose their Deposits, Even in Rising Real Estate Markets

Normal 0 One of the fundamental principles of contract law is that damages are based on the actual loss suffered by the innocent party when there is a breach of contract.  Damages restore the innocent party to the position she would have been in if the contract had been fulfilled.   However, she is required to […]