When talking about breach of contract claims, it's important to understand that the contracts involved can be for small amounts or for massive amounts. They can also be between commercial entities or individuals. In terms of the former type, a recent New Jersey example of breach of contract claims is between Toys "R" Us and an insurance carrier.
New Jersey arbitration: Car dealership settles for $66,000
Used car dealerships in New Jersey are required by consumer protection laws to inform potential buyers about a vehicle's history, which includes any damage. When a dealership violates these laws, it may have to address numerous consumer complaints, in addition to possibly paying penalties and fines. A Paterson used car dealership has agreed to go through a state arbitration process to settle consumer complaints after allegedly misleading customers about the condition of its vehicles.
