Chapter 12 – Damages

Damages is an award of money that is intended to cure a wrongful event, such as a breach of contract.
They are entitled to only the monetary value of that thing.

Expectation Damages
Expectation damages represent the monetary value of the benefit that the plaintiff expected to receive
under the contract.
Expectation damages are forward-looking because they are intended to place the plaintiff in the position
that they expected to be in after the contract was properly performed.
Expectation damages are equal to the value of the benefit that the plaintiff expected to receive under
the contract minus the value of the costs that it expected to incur
The expectation value is calculated at that time (future value)/(market value)

In some situations, however, the exercise is much more difficult. We will consider six issues:
1. difficulty of calculation
2. cost of cure or loss of value
3. alternative performance
4. intangible losses and emotional distress