LAW 122 Chapter : chp12 notes
Document Summary
Damages y an award of money that is intended to cure a wrongful even, such as a breach of contract. expectation damages: plaintiff receives expected benefit of contract, plaintiff does not receive performance, plaintiff receives value of performance. Forward-looking damages: plaintiff monetarily placed as if contract performed. Give me what i expected to get! : integrity of promises protected. calculation of expectation damages: expected benefits minus expected costs. complications in calculation of damages: difficulty of calculation, awarded even if calculation is imprecise. e. g. damages for lost chance in beauty contest: not awarded if calculation is totally speculative. e. g. value of treasure in supposedly sunken ship: cost of cure or loss of value, difficulty in identifying expected benefit . receipt of value of service s end product: cost of cure damages = cost of service y e. g. 000: value added to land if reforestation occurs. awarded if reforestation already done at own expense.