CONTRACTS - DAMAGES

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4 Terms

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Expectation

benefit of the bargain

try and put the promisee in the position on which the promisee would have been had the promise been preformed (had gone through)

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Reliance

reinbusing the cost of the promise

attempt to put the promisee back in the position in which the promisee would have been in had the promise not been made

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Restitution

disgorging(returning) the benefit

attempt to put the promisor back on the position they were in if the promise would not have been made

4
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Limitations of recovery

remotness or foreseeability of harm

certainrty of harm

avoidability of harm