Remedies Flashcards
Types of money damages
(1) Compensatory, (2) Reliance, (3) restitution, (4) Nominal, (5) Punitive, Liquidated Damages, (6) Incidental
What are compensatory damages in Tort?
Physical and Emotional consequences. The goal is to place the party in the position they were before the tort. Pain and suffering, medical expenses, lost wages etc.
What are compensatory damages in Contract
Expectation Damages. The goal of expectation damages is to give the not breaching party the benefit of the bargain.
What are reliance damages?
As an alternative to compensatory damages, a party may be awarded the monetary damages they suffered by relying on the contract.
What are Restitution Damages
In contract, a plaintiff may choose to take restitution damages, which require the defendant to pay for the benefit they received.
What are nominal Damages
Some minimal recovery that shows a party was right. In some cases might trigger fees.
What are punitive damages
Punitive damages are intended to punish the defendant.
What are the factors in Punitive damages?
(1) reprehensibility of the conduct, (2) disparity between the harm suffered and the punitive damage award, (3) difference between the remedy awarded and typical civil penalties.
What are liquidated damages?
Liquidated damages are a cost agreed on by parties at the time of the contract.
What are limitations on liquidated damages
(1) must be reasonable in amount and foreseeability at the time of the contract. (2) may be prohibited n some areas by public policy.
What are incidental damages?
Incidental damages are additional costs incurred as a result of the breach of contract, such as fees.
What is the formula for contracts damages
Compensatory damages (or reliance or restitution) + incidental damages - mitigation - collateral sources
Limitations on damages
(1) Causation-must be a cause, (2) Foreseeability, (3) Certainty
When can you get damages for emotional distress?
Only Tort
When can you get litigation expenses?
Generally, only where authorized by statute. Traditionally each side pays its own way.