Post-Breach Unconsummated Sale of Business May Not Be Used to Establish Damages on Date of Breach

Business Valuation Update BVLaw
Legal and Court Case Update
March 3, 2004

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fraud
Ik Nam You v. Chong Yol Kim
No. B162107 (Cal. App. 2 Dist. 2004), unpublished
US
State Court
California
Court of Appeals
David S. Kim, J. Randall Faith, Peter Y. Chang
Grignon

Summary

The California Court of Appeals, 2nd District, found a jury’s award excessive for breach of contract and fraud damages.

See Also

Ik Nam You v. Chong Yol Kim

Full Text of Court Cases
March 3, 2004

The California Court of Appeals, Second District found a jury’s award excessive for breach of contract and fraud damages. The Kims sold the Yous retail property and represented that they had its permits and licenses up to date. After a sale by the Yous ...