LAW 122 Chapter Notes - Chapter 12: Fundamental Breach, Liquidated Damages, Punitive Damages
6 Dec 2016
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In the vast majority of cases, the remedy for a breach of contract is damages an award of money that is intended to cure a wrongful event. The plaintiff is not entitled to receive the exact thing that they expected to get under agreement. They are entitled only to the monetary value of that thing. If i agree to sell you my car, and you have paid, but then break my promise, you would be entitled to the value of the car, not the car itself. There are different measures of relief, they are: They allow the plaintiff to recover the value of something that they never previously enjoyed but merely expected to receive under their contract with the defendant: expectation damages = expected benefits under contract costs under contract. I agree to pay for a 3-d tv, which you agree to deliver in 2 weeks. Depends on the value of the tv on the agreed day of delivery.
