Money Damages (Substitutionary Relief) Flashcards
Money damages..
The plaintiff may want to be compensated for her injury by using substitutionary relief. This aims to put her (the injured party) back in the/her rightful position. Money is used as a stand in to substitute what she may have lost.
The rightful position is measured
Objectively (Hatahley)
What is chattel damage?
Conversion or trespass to chattel (both substitutionary relief)
Conversion
= Total Loss
General Rule for Conversion
Generally, conversion damages will be measured by the FMV of the chattel at the time and place of the conversion.
Three different measurements to determine FMV
Diminution in value
Loss of Use
Sentimental/Special Value (Minority)
Trespass to chattel=
property damage (not a total loss)
General Rule for Trespass to chattel
Measure of damages is either:
cost of repair or
diminution in value
**courts have latitude to pick which one
ƒ: if π wins a conversion case ≈
∆ will pay the full value of the property/chattel but then title to that chattel passes to the ∆ (= a forced sale)
*like totaling out a car.
Hatahley
Court resolved the damage calculation with FMV up until the time the π could have reasonably recovered. This is the classical rule of dealing with Property Damage.
=Valuation is an objective measure and FMV is most objective
In Re Sept 11th (2008)
Court can award something more than FMV if fits exception and is unique.
Here, saying symbolic. <- but still rent to be had, so had a value. (bidding process for leases meant there was a MV.
Odd/unique= risky if your asking for LOST MONEY FROM A RENTAL agreement (in K)
The plaintiff may want to be compensated for her injury by using substitutionary relief. This aims to put her (the injured party) back in the/her rightful position. Money is used as a stand in to substitute what she may have lost.
money damages
Promissory estoppel
The doctrine of promissory estoppel provides that a promise reasonably expected to induce action and that does induce detrimental reliance is an enforceable promise limited to recovery for RELIANCE DAMAGES.