Professor Ian Ayres examines American Standard v. Schectman, a contract remedies case that pits the cost of completing performance against the diminution in the property's value. Part of his Yale course American Contract Law, the lecture sits within a unit on remedies for breach by a seller. Ayres walks through the facts, the competing damages measures a court can apply when a contractor fails to finish work as promised, and the reasoning courts use to decide which measure fits the circumstances. He points students to the underlying case file for close reading alongside the analysis. The lecture is short and focused, aimed at students working through the Coursera based American Contract Law I and II sequence, and it treats the case as a vehicle for a broader question in remedies doctrine: when should a court award what it costs to fix a defect, and when should it award only the loss in value.