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American Standard, Inc. v. Schectman
Supreme Court of New York, Appellate Division
80 A.D.2d 318 (1981)
American Standard, Inc. (American Standard) (plaintiff) owned property that had been the site of various industrial operations. American Standard decided to sell the property and entered into a contract with Harold Schectman (defendant) to demolish all existing structures, remove equipment, and grade the property as specified in the contract. Schectman failed to grade the property as specified in the contract. American Standard brought an action against Schectman for breach of contract. Schectman argued that American Standard had not suffered any loss as a result of the breach because American Standard was able to sell the property for only $3,000 less than fair market value. The cost for Schectman to complete the grading work as specified was $90,000. After a trial, American Standard recovered a jury verdict of $90,000 for Schectman’s failure to complete the work. Schectman appealed.
Rule of Law
Holding and Reasoning (Hancock, J.)
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