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Understanding Damages: Reliance vs Expectation

This document discusses three types of damages for breach of contract: reliance damages aim to return the injured party to the position before the contract; expectation damages aim to put the injured party in the position they would have been in if the contract was completed; and restitution damages require returning any benefits received from the transaction to the injured party.

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nicole
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255 views1 page

Understanding Damages: Reliance vs Expectation

This document discusses three types of damages for breach of contract: reliance damages aim to return the injured party to the position before the contract; expectation damages aim to put the injured party in the position they would have been in if the contract was completed; and restitution damages require returning any benefits received from the transaction to the injured party.

Uploaded by

nicole
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

DAMAGES

Restitution/Reliance

Contract

Expectation

Breach

Completion

Chart explanation
Reliance damages: (Backwards looking) puts the injured
party back to the position they were BEFORE contract was
entered into. Damages are assessed taking into
consideration from breach to contract.
Expectation damage: (Forward looking) puts injured party
to the position they were had the contract was performed
and the damages put them in the position they would have
been
Restitution damage: (Backward looking)
The benefits from transaction are returned to the party.

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