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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 ...
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.
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.
Tortious interference – One person intentionally damages the plaintiff's contractual or other business relationships. Conspiracy (civil) – An agreement between two or more parties to deprive a third party of legal rights or deceive a third party to obtain an illegal objective.
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 ...
The conflagrations devastated steep slopes, which caused loss of vegetation and destabilization of the soil and greatly facilitated subsequent mudflows. The mudflows caused at least $177 million (2018 USD) in property damage, [2] and cost at least $7 million in emergency responses [2] and another $43 million (2018 USD) to clean up. [3]
The aircraft collided with some pipeline facilities resulting in nearly $60,000 damage to the natural gas compressor station. [78] July 2 – Excavation damage to a natural gas distribution line resulted in an explosion and fire in Wilmington, Delaware. A contractor hired by the city of Wilmington to replace sidewalk and curbing, dug into an ...