MGSC30H3 Chapter Notes -Expectation Damages, Breach (Security Exploit), Punitive Damages
Document Summary
Damages is an award of money that is intended to cure a wrongful event, such as a breach of contract. The plaintiff is not entitled to receive the exact thing that they expected to get under the agreement. They are entitled to only the monetary value for that thing. Expectation damages: place plaintiff in position that they would have enjoyed if contract had been performed. Expectation damages represent the monetary value of the benefit that the plaintiff expected to receive under the contract. Expectation damages = forward looking, intended to place the plaintiff in the position that they expected to be in after the contract was properly performed. Compensatory damages/reliance = backward looking, allow plaintiff to recover the value of something that was previously enjoyed but lost as a result of the defendant"s wrongful act. Expectation damages = expected benefits under the contract costs.
