[DOWNLOAD] "King Aircraft Sales Inc. V. Lane" by Division One Court of Appeals of Washington * eBook PDF Kindle ePub Free
eBook details
- Title: King Aircraft Sales Inc. V. Lane
- Author : Division One Court of Appeals of Washington
- Release Date : January 16, 1993
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 67 KB
Description
Joe Lane, Jr., d/b/a The Lane Company, and Lane Aviation, Inc. (Lane) appeal the judgment of the trial court awarding King Aircraft Sales, Inc., d/b/a King Aviation Services (King) $338,280.60 in damages, prejudgment interest, attorney fees, and statutory costs for its breach of a contract to sell two airplanes to King. The principal issue presented in this appeal, one of first impression in Washington, is whether the trial court may award money damages as a remedy in a claim for specific performance under the Uniform Commercial Code (UCC), RCW 62A.2-716. The trial court found King was entitled to specific performance and, because the planes were no longer available, awarded relief in the form of "value". The trial court determined value by using a lost expectation of profit approach resulting in an award of $157,010 plus return of the $10,000 deposit. In addition, the trial court awarded prejudgment interest of $35,688.60 and attorney fees in the amount of $135,454 and statutory costs of $128.