Law_294_-_Chapter_12.txt

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Author:
curious
ID:
54516
Filename:
Law_294_-_Chapter_12.txt
Updated:
2010-12-09 00:09:17
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CHAPTER
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  1. What are damages?
    An award of money that is intended to cure a wrongful event.
  2. What are expectation damages?
    Represent the monetary value of the benefit that the plaintiff expected to recieve under the contract.
  3. Do torts look backwards or forwards in determining damages?
    Backwards. They are easily justified.
  4. Do contracts look backwards or forwards in determining damages?
    Forwards. They allow the plaintiff to recover the value of something that it never previously enjoyed, but merely expected to receive under its contract with the defendant.
  5. Do expectation damages look backwards or forwards in determing?
    Forward looking. Intended to place the plaintiff in the position that is expected to be in after the contract was properly preformed.

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