BUSAD 120 Lecture Notes - Lecture 27: Punitive Damages, Liquidated Damages, Equitable Remedy
Document Summary
Put you in the position you were in prior to the contract. Have to pay the difference and the damages. You usually don"t get expectancy damages in breach of contract (you don"t get what the job would have called for) You get money for what you got to do the job. Damage that flow of a direct result of the breach of contract. Only one party has to know about this. Further away you get from the breach the harder it is to prove. Have to finish a hotel before august and each day after you owe an amount that its late. Note- no punitive damages (damages assessed in order to punish the defendant for outrageous conduct) Equitable damages (have to prove monetary damages do you no good) If you can prove this the court can order to resend the contract and pay restitution. Make contract read as its supposed to.
