LAW 122 Lecture Notes - Expectation Damages, Punitive Damages, Specific Performance
19 Apr 2013
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Document Summary
Damages: is an award of money that is intended to cure a wrongful event, such as a breach of contract. Plaintiff does not receive exact thing but monetary value of that thing. Expectation damages: represent the monetary value of the benefit that the plaintiff expected to receive under the contract. Expectation damages are forward looking because they intended to place the plaintiff in the position that it expected to be in after the contract was properly performed. Costs of cure or loss of value. Most likely to do so if the plaintiff has a legitimate interest in having the work done or if the plaintiff has actually already spent money curing the defendants defective performance. Intangible losses: is a loss that does not have any apparent economic value. Ex. anger frustration, disappointment when promises are broken. Historically the courts do not award damages for intangible losses.
