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5 Cards in this Set
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- Back
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Restitution
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Recovery of money already paid to breaching party-minus quantum meriut off set
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Reliance Costs
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Recovery of out of pocket expenses in preparation of performance.
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Expectation Damages
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In a sales contract, the difference between the market price at the time of the breach and the contract price.
In a employment or service contract, the full contract price if he or she has performed or stands ready to do so, minus mitigation. |
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Liquidated Damages
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Contractual provision setting the total amount of all money damages in case of breach.
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Specific Performance
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Only use in sale of goods for unique goods, buyer remedy
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