BU231 Lecture Notes - Rhinoplasty, Opportunity Cost, Chalet
Document Summary
Place the injured party to where they would be if the contract would be performed. Opposite of tort law where the goal is to put the injured party back to where they were before the harmful act occurs. But f also wants to get a contract with r and is willing to pay more. So r breaches the contract with j to take f and gives a certain amount back to j. They have a requirement to reduce the lost as much as possible. The loss must flow from the breach **important concept : foreseeable from perspective of promisor. If there are special circumstances then they cannot be held liable. Expectation damages: when calculating damages you have to keep in mind timing- start when contract is formed -> date of acceptance. Opportunity cost: if you did not have expectation of loss. J has entered into a contract with r but r breached it and she lost ,000.
