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expectation

contract law

Learn about this topic in these articles:

division of damages

  • In damages

    …given the breaching party, (2) expectation, which rewards him as if the contract had been fully performed (this includes profits anticipated on the contract), and (3) reliance, which gives him compensation for expenditures made or liabilities incurred “in reliance on” the contract’s being performed. Reliance damages are limited to consequences…

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