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Contract News
Breach Of Contract
The courts recognize a claim for damages when someone induces a breach of contract or interferes with financial expectancies. An improper motive such as fraud or duress is usually required. Most authorities find that mere persuasion or entreaty is not enough (Connecticut Law of Torts, chapter XIX, § 165).
For intentional interference with contractual relations, the plaintiff must have a contract with a third person and the third person must be induced to break the contract with the plaintiff.
Interference with a business relationship requires (1) a business relationship between the plaintiff and another party, (2) the defendant’s intentional interference with the business relationship while knowing of the relationship, and (3) actual loss by the plaintiff due to the interference (Hi-Ho Tower, Inc. v. Com-Tronics, Inc. , 255 Conn. 20 (2000)). There must be a direct relationship between the defendant’s act and the plaintiff’s loss and a reasonable expectation of receiving a profit in the prospective transaction. A mere possibility of making a profit is not enough (Connecticut Law of Torts, chapter XIX, § 165).
If You Co-Signing For Someone Else You Are Responsible For Their Debt
If you co-sign, you are responsible for their entire debt. Therefore, if the other person chooses not to pay you will have to pay the full amount, even if you had no part of the services or goods.
Newsroom
News about contract cases in Virginia and nationwide:
Definition:
The legal cancellation of a contract because an event occurs that makes performance of the contract terms impossible or inequitable and that releases the parties from their obligations.
Parol Contract
Definition:
A contract that is oral only as distinguished from one that is written.
Contract Carrier
Definition:
Any person who under contract will transport passengers or goods for agreed upon compensation.
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