LAWS 2202 Lecture Notes - Lecture 7: Dinner Theater, Designated Driver, False Imprisonment
1 Feb 2017
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Your answer must define and discuss the concept of expectation" damages and analyze the following court decision: Once a contract is breached, a monetary award or damages is rewarded to the injured party as compensation for their losses. The rationale for an award of damages for injury to the expectation interest is that the court will award damages by putting the innocent party in the same position they would have been in had the contract been performed. Essentially the court will be compensating the innocent party for what they might reasonably have expected to attain by the other party"s performance of the contract, this is often limited to loss of profit. In hadley v. baxendale the plaintiffs were millers and meal men that operated steam mills that worked with steam engines. The crank shaft of the engine was broken so they contracted with another company to have a new crank made.
