What does expectation damages mean?
Definitions for expectation damages
ex·pec·ta·tion dam·ages
This dictionary definitions page includes all the possible meanings, example usage and translations of the word expectation damages.
Wikipedia
Expectation damages
Expectation damages are damages recoverable from a breach of contract by the non-breaching party. An award of expectation damages protects the injured party's interest in realising the value of the expectancy that was created by the promise of the other party. Thus, the impact of the breach on the promisee is to be effectively "undone" with the award of expectation damages.The purpose of expectation damages is to put the non-breaching party in the position it would have occupied had the contract been fulfilled. Expectation damages can be contrasted to reliance damages and restitution damages, which are remedies that address other types of interests of parties involved in enforceable promises.The default for expectation damages are monetary damages which are subject to limitations or exceptions (see below) Expectation damages are measured by the diminution in value, coupled with consequential and incidental damages.
Wikidata
Expectation damages
Expectation damages are damages recoverable from a breach of contract by the non-breaching party . An award of expectation damages protects the injured party's interest in realizing the value of the expectancy that was created by the promise of the other party. The purpose of expectation damages is to put the non-breaching party in the position it would have occupied had the contract been fulfilled. Expectation damages can be contrasted to reliance damages and restitution damages, which are remedies that address other types of interests of parties involved in enforceable promises. The default for expectation damages are monetary damages which are subject to limitations or exceptions Expectation damages are measured by the diminution in value, coupled with consequential and incidental damages.
Numerology
Chaldean Numerology
The numerical value of expectation damages in Chaldean Numerology is: 6
Pythagorean Numerology
The numerical value of expectation damages in Pythagorean Numerology is: 2
Translations for expectation damages
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"expectation damages." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/expectation+damages>.
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