2 parts to assessing damages: what is the right measure of damages? what are the limiting factors? (e.g. remoteness, mitigation)
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Card 7
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stage 1: two measures of damages- expectation measure
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Card 8
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reliance measure
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Card 9
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Two Measures of Damages: An Example. A contracts to sell to B a valuable ‘Chippendale chair’ for £10k. B pays A £10k and A delivers the chair. The chair turns out to be a reproduction worth only £500.
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Card 10
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Expectation Measure Damages :
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Card 11
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Reliance Measure Damages?:
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Card 12
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3 rules for Expectation measure
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Card 13
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The ‘Breach Date’ Rule (The Golden Victory 2007)
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Card 14
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able to terminate. Ship owner claimed damages since when they did breach, they still have 4 years left of service within charter
