損害賠償 豫定額의 職權減額上 參酌의 基準時와 參酌 事由

Liquidated Damage and Mitigation in Korean Law

This article is on the liquidated damage and the mitigation in Korean civil law. In a real estate sale transaction case in which a buyer made a breach of the contract but the seller resold it to the 3rd party so successfully that the seller recovered more than he lost, the Korean Supreme court held that the liquidated damage should be limited to 50% considering his recovery. The author is of opinion that the seller might recover the liquidate damage in full in spite of the fluctuation of the market price. The author is mentioning the duty of mitigation, the assessment of damage, the time of the assessment of damage in Canadian law and other related common law cases in a perspective of comparative legal studies.