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LAW 122 (614)
Chapter 12

LAW122 Chapter 12 Notes.docx

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Ryerson University
Law and Business
LAW 122
Jared C.Allen

LAW 122 Chapter 12 Notes Contractual Remedies Damages Damages are an award of money that is intended to cure a wrongful event such as a breach of contract Ex If I agree to sell you a car and you pay me for that car but I breach the contract You will be awarded the monetary value of the car not the car itselfExpectation Damages o This represents the monetary value of the benefit that the plaintiff expected to receive under the contract o These damages are forwardlooking They are looking to place the plaintiff in the position that they expected to be in after the contract was properly performed Ex If I agree to pay 5000 for a computer that is worth 7000 and I expect to make 2000 dollars profit on it and the vendor refuses delivery I am entitled to 2000 dollars o Expected Damagesexpected benefits under the contractcosts under the contract o Expectation of damages is complicated in certain situationsDifficulty of CalculationsSometimes an amount is difficult to calculateEx someone making a beauty contest contestant miss a pageant The change of them wi
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