Remedies Flashcards
4 Quadrants
QI: Goal = Restoration (Ex Post)
QII: Goal = Retribution (Ex Post)
QIII: Goal = Coercion (Ex Ante)
QIV: Goal = Protection (Ex Ante)
Corrective Justice View
You cannot violate another’s rights, and remedies exist to restore (or preserve) the balance between the victim and the wrongdoer. The nature of the right determines the remedy.
Law and economics/efficiency view
The law forbids nothing, but merely specifies consequences for violating another’s rights. The bigger the remedy, the more important the right.
Rightful Position
The fundamental principle of damages is to restore the injured party, as nearly as possible, to the position they would have occupied had it not been for the wrong of the other party.
Hatahley
Rightful Position
3 categories of damages should’ve received:
Destroyed animals = reasonable replacement cost
Use value of animals = FMV rental price
Individual pain and suffering
Minor takeaways:
Pain and suffering is unique to each claimant
The P can only recover damages that it cannot reasonably mitigate
In re 9/11
Lesser of two rule = cost of replacement v. diminution in market value → award lower of the two figures should put P in rightful position without uneconomical burden to D
Calculating market value: Tort v. K
Time at which to calculate market value = at the time and place of the loss in tort cases, or at the time and place for delivery in K cases
Sentimental Value
Some courts say you can get the original cost of the film. Other courts say you can recover a reasonable sentimental value that cannot be mawkish or excessive. Comes down to how good the litigators are + how sympathetic the factfinders are.
Trinity Church v. John Hanock
Exception to lesser of two rule = specialty purpose property → use replacement cost instead of market value to calculate damages
If there is an ascertainable market value, you have an uphill battle proving a building is specialty property
Neri v. Retail Marine Corp
Lost volume seller = where a seller has an unlimited supply, it can recover lost profits on additional sales it would have made but for the buyer’s breach EXCEPT when seller could not have made an additional sale
Expectation = Amount needed to put the injured party in the position it would have occupied had the contract been fully performed
Reliance = Amount needed to put the injured party in the position it would have occupied had the contract never been made
Restitution = Amount needed to take away from a party to prevent unjust enrichment
Damages in K v. Tort?
In K you get expectation damages, in torts you get reliance damages
CASE = Chatlos (K) = what was promised - what was received [Example of collecting too much]
CASE = Smith (Torts) = value of the goods received (if it was as represented) - K price (what Smith paid) (what was received - what was promised) [Example of collecting too little]
Windfall = know it when you see it bish