LAW 122 Chapter Notes - Chapter 12: Punitive Damages, Whzt, Progressive Alliance Of Socialists And Democrats
3 Sep 2014
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Damages: an award of money that is intended to cure a wrongful event, such as breach of contract. Plaintiff is not entitled to the exact thing that they expected to get under the agreement, they"re only entitled to the monetary value of that thing. Measures of relief ways in which the courts can calculate the amount of money that the plaintiff is entitled to. Expectation damages: represents the monetary value of the benefit that the plaintiff expected to receive under the contract. Expectation damages are forward-looking = placing the plaintiff at a place that they would have been if the contract went through the way it planned to. I agree to pay for a bale of cotton that you agree to deliver in 2 months. When the time comes, you refuse to do so; breach of contract: damages now, are depended upon the value of cotton on the agreed date of delivery.
