Reliance Measure Flashcards
What is the reliance measure of damages
Loss incurred by relying on the contract (wasted expenditure). Appropriate when it is impossible to estimate what profit would have been made if the contract was performed
example of reliance measure of damages
Anglia TV: Making movie, lead actor pulls out. Cast and crew have to abandon whole movie. Was not sure how much they would earn off the movie so reliance measures were granted (actor payment, production costs)
Example of reliance measure of damages being denied
Ti Leaf: B made negative comments to media about Ti Leaf who was renting property from him to make movie. Investors withdrew money and film stopped. Reliance measures not awarded as the film did not look like it would be made anyway and TL was instead awarded nominal damages of $500
