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Neal signs a contract agreeing to buy 10 hours of landscaping services from John's Landscaping for $50 an hour. If Neal breaks the contract and doesn't use any of John's Landscaping's services, expectation damages paid to John's Landscaping would be $500 minus any costs John's Landscaping may have saved, which is the economic loss they suffered.
EVANSVILLE – A husband-and-wife team behind a local construction company face felony charges after authorities say they took more than $150,000 from homeowners to repair storm damage and then ...
use the term errors and omissions (E&O) insurance Other professions that commonly purchase professional liability insurance include accounting, engineering, land surveying and financial services, construction and maintenance (general contractors, plumbers, etc., many of whom are also surety bonded), and transport.
The contractor instead uses blue pipes that function just as well. Although the contractor breached the literal terms of the contract, the homeowner cannot ask a court to order the contractor to replace the blue pipes with red pipes. The homeowner can only recover the amount of his or her actual damages.
Rather than a niche concern among a handful of companies, these changes have an outsized effect on the business landscape—federal contractors include major corporations like Microsoft and IBM.
Liquidated damages, also referred to as liquidated and ascertained damages (LADs), [1] are damages whose amount the parties designate during the formation of a contract [2] for the injured party to collect as compensation upon a specific breach (e.g., late performance). [3] This is most applicable where the damages are intangible.
A judge ruled Friday that a security contractor can seek punitive damages against CNN over a November 2021 report about war profiteers who charged Afghans who were trying to leave their country ...
Landscaping an elementary school courtyard in the city of Kuching. Landscaping refers to any activity that modifies the visible features of an area of land, including the following: Living elements, such as flora or fauna; or what is commonly called gardening, the art and craft of growing plants with a goal of creating a beauty within the ...