Remedies Flashcards
What is included in Compensatory damages for torts?
1) Compensate a plaintiff for their injury or harm. Includes pain and suffering, medical expenses, and lost wages
What are compensatory damages for contracts?
Expectation damages; plus,
any consequential damages, plus
any incidental damages.
Reduced if the plaintiff fails to mitigate
What is the formula for compensatory damages in contracts?
Expectation damages + consequential damages + incidental damages - failure to mitigate - cost avoided.
What are expectation damages?
subset of compensatory damages to put the injured party in the same position as if the contract was performed (torts and contracts)
What are consequential damages?
reasonably foreseeable damages other than expectation damages that are related to the tort or breach of contract. (tort and contract)
What are the three elements of consequential damages?
1) Foreseeability
2) causation
3) certainty
What are incidental damages?
costs associated with non-breaching parties attempts to remedy the breach. (contract0
what are nominal damages?
cause of action is established but harm is slight. (Contract and Torts)
What are reliance damages?
damages the non-breaching party incurs by relying upon the promise that the other party would perform. Can’t have both reliance and expectation damages. (contracts)
What are punitive damages and constitutional limit?
Meant to punish a defendant who engaged in serious misconduct with an improper state of mind. Constittuional limit: must not impose grossly excessive punishment on a party (no more than 9:1) court will consider reprehensibility of the D’s conduct, the ratio, and the D’s net worth. (Torts, rarely contracts)
What is restitution
Measured by the benefit conferred on the D by the P and awarded under the theory of unjust enrichment. Can recover restitution and compensatory damages. (contract and torts)
What are liquidated damages?
Damages that are agreed upon by parties during the formation of a contract. Generally enforceable if the amount is reasonable and not so high as to be a penalty.
What are the limitations on damages?
1) Actual Cause (torts and contracts): but’for test
2) Proximate cause (torts)
3) Certainty (torts and contracts): damages must be established with reasonable certainty.
4) Duty to mitigate (torts and contracts)
torts: duty to seek medical attention and treatment
contracts; duty to cover, duty seek reasonable alternate employment
5) Benefit Plaintiff received from breach (but not collateral sources of payment)
What are 5 equitable remedies?
1) injunctive relief (torts and contracts)
2) Specific Performance (contracts)
3) Rescission (contracts)
4) Reformation (contracts)
5) Restitution (Torts and contracts)
What are two types of injunctive relief?
1) prejudgment remedy
2) post-judgment remedy