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Case Law Analysis: Breach of Contract
Case Law Analysis: Breach of Contract
A breach of contract occurs when one of the parties in a legally binding document fails to
deliver or oblige to the stipulated terms of the contract. It could also entail a failure to perform in
a manner that meets the standards and which depicts merchantability. It usually results in notable
losses, for instance, of the costs and benefits that could have been accrued if the contract was
completed. The case concerns a breach of contract that involved a commercial lease, and which
upon reaching the trial court, the court findings were disputed by both the plaintiff and the
defendant, each citing distinct reasons, hence proceeding to the court of appeals of Iowa, and
which subsequently upheld the findings of the trial court. The case focuses on the significance of
the parties entering into a binding agreement upholding the stipulated contractual terms to enable
them to evade the resultant negative effects that are a consequence of a breach of contract. The
parties that entered into the binding agreement were Jerry’s Hardware and Hillcrest partners, the
The plaintiff had initially agreed to enter into a binding agreement with the defendant the
terms stated that the Jerry’s Hardware would lease a commercial space from the Hillcrest
partners that the defendant was planning to develop. Hillcrest partners also committed to
developing the said commercial structure in a way that accommodated the needs of Jerry’s
Hardware, which included specific alterations and modifications that were a prerequisite for the
efficient functioning of the intended Ace Hardware store. In the lease agreement, which was
signed on October 1, 2009, the parties settled on various terms in regard to the premises that
were prospected to be completed on, or about March 5, 2010. Ho…
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