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LSDefine

Simple English definitions for legal terms

efficient breach

Read a random definition: Ellenborough's Act

A quick definition of efficient breach:

An efficient breach is when someone breaks a contract on purpose because it would cost them less money to pay for the damage than to keep their promise. This is different from accidentally breaking a contract. When this happens, the person who broke the contract usually only has to pay for the actual damage they caused, not extra punishment.

A more thorough explanation:

An efficient breach is when someone intentionally breaks a contract because it would cost them less money to pay for the damages than to actually follow through with the agreement. This is different from accidentally breaking a contract.

For example, let's say a company agrees to sell a product to another company for $10,000. However, the company realizes that they can sell the product to someone else for $15,000. They intentionally break the contract with the first company and pay the damages of $10,000 because it is still cheaper than selling the product for $10,000.

The concept of efficient breach is widely accepted in the legal system, which means that when someone intentionally breaks a contract, they are only required to pay for the actual damages caused by the breach, not any additional punishment.

efficiency | efficient breach theory

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[] baddestbunny
15:52
Ew
Dkk
15:56
Lmfao
soap
16:58
Thank you for the update
Dkk
17:04
Welcome.
Holding out strong for that 11 p.m. Sunday night wave.
soap
17:20
Do the admissions offices close on Veterans Day?
I think someone here was really interested in Cornell Law. I forgot their username now but I just talked to the Cornell admissions rep at the Houston LSAC fair and apparently 2/3 of people who interview at Cornell ultimately get in.
soap
17:21
Hello 🫡
soap
17:21
Thank you for your service, you’re a real one
soap
17:23
I wonder what it’s dependent on? Are the 2/3 chosen on stats, or interview performance, or more holistically?
I'm honestly not sure
[] baddestbunny
17:31
is Cornell a school where only people who interview get in?
I think so
She said historically a quarter get interview invites and then two thirds of those people get in.
soap
17:35
Did she say anything regarding if decisions will start to come out soon?
17:47
username changed
17:51
cockenheimer
17:56
when u boutta detonate some bomb dick u be like
17:56
cockenheimer
[] baddestbunny
17:57
sloppenheimer
17:58
*tips cap*
17:58
m'lady ahh gesture
18:04
seing smells rn
18:04
and smelling sights
@soap: I asked and she did not have an answer
soap
18:10
aw man. I hope it’s soon…
I'm sure it will be
[] baddestbunny
18:26
how soon is now
Dkk
18:52
Funniest shit about Oppenheimer to me was some chick at the end of the movie saying dead serious to her boyfriend "That movie was kinda boring, I wish there were more explosions". Like she wanted us to bomb Japan harder or something. It was such an awkward thing to say and it made me laugh.
Dkk
18:53
I'll always talk about the summer of barbenheimer like boomers who talk about woodstock 69 or whatever.
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