Search results
Results From The WOW.Com Content Network
Reliance damages is the measure of compensation given to a person who suffered an economic harm for acting in reliance on a party who failed to fulfill their obligation. [1] If the injured party could go back in time, they should be indifferent to entering into the contract that would be breached and receiving the reliance damages as opposed to ...
Anglia Television Ltd v Reed [1972] 1 QB 60 is an English contract law case, concerning the right to reliance damages for loss flowing from a breach of contract. Judgment [ edit ]
Consequential damages; Liquidated damages; Reliance damages ... the most common way the compensation payment is made is by a lump sum award in full and final ...
Hedley Byrne & Co Ltd v Heller & Partners Ltd [1964] AC 465 is an English tort law case on economic loss in English tort law resulting from a negligent misstatement. Prior to the decision, the notion that a party may owe another a duty of care for statements made in reliance had been rejected, [1] with the only remedy for such losses being in contract law. [2]
R Taylor, 'Expectation, Reliance and Misrepresentation' (1982) 45 MLR 139; R Hooley, 'Damages and the Misrepresentation Act 1967' (1991) 107 LQR 547, [89] I Brown and A Chandler, 'Deceit, Damages and the Misrepresentation Act 1967, s 2(1)' [1992] LMCLQ 40; H Beale, ‘Damages in Lieu of Rescission for Misrepresentation’ (1995) 111 LQR 60
In the law of civil procedure, election of remedies is the situation in which a winning party in a lawsuit must choose the means by which its injury will be remedied. [1] For example, if a court finds that the plaintiff's painting was stolen by the defendant, then the plaintiff has two possible routes to restore the loss.
The theory of efficient breach seeks to explain the common law's preference for expectation damages for breach of contract, as distinguished from specific performance, reliance damages, or punitive damages. According to Black's Law Dictionary, efficient breach theory is "the view that a party should be allowed to breach a contract and pay ...
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.