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Definition
| Money awarded to a party for the loss suffered as a result of another Preston's failure to perform a duty. |
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Definition
| Where there is no suitable remedy at the law the law will provide special relief related to particular circumstances. |
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Definition
| Money equal to the actual loss sustained by the party due to the non-performance by another party. It is the monetary amount to compensate a person due to the breach of the other party. |
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Term
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Definition
| Is a calculation where we are putting a non-breaching party where he would have been if the other party had performed. |
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Definition
| Reliance is available when you can't do expectation measure of damages; this makes the non breaching party whole since the court cannot measure what full performance would have been. |
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Definition
| One has to stop the losses from piling up. |
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Term
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Definition
| The court may allow additional damages to the non-breaching party for any losses that a reasonable person would have foreseen. |
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Definition
| Compensation to the claimant for the benefit conferred on the breaching party. |
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Definition
| A remedy in which the court orders the party to a contract to perform; unique subject matter. |
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Term
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Definition
| A remedy ordered by the court to stop performing |
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Term
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Definition
| A contract provision which estimates and sets the dollar amount of damages in the event of a breach. |
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Term
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Definition
| In name only; $1, a penny. A token amount awarded to the non-breaching party where there is a breach of the K, but no one is damaged. |
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