Remedies Flashcards
Legal Remedies
Can Not Rely Purely Rendering Liquid
- Compensatory
- Nominal
- Reliance - contracts only
- Punitive
- Restitution
- Liquidated damages
Equitable Remedies
If Specific Random Rongs
- Injunctive relief
- Specific performance - contracts
- Rescission - contracts
- Reformation - contracts
Equitable Defenses
- Unclean hands
- Laches
Compensatory Damages Formula
Contracts
Expectation damages + consequential damages + incidental damages - failure to mitigate - costs avoided
Compensatory Damages
Tort
Seek to compensate the P for their injury/harm
Medical expenses, pain and suffering, lost wages
Expectation Damages
Contract
Goal is to put the injured party in the same position as if the contract had been performed
Based on the contract price for performance and FMV of performance
Consequential Damages
Rule statement and Elements
Reasonably foreseeable damages other than expectation damages that are related to the tort or breach of contract
Three elements:
1. Foreseeability - must be the natural and probable consequence of the breach or contemplated by the parties at the time of contracting
2. Causation - damages were caused by D’s breach
3. Certainty - cannot be too speculative
Reliance Damages
Contracts only
Damages the non-breaching party incurred in reasonable reliance on the promise that the other party would perform
CANNOT get both reliance and expectation damages - choose 1
Incidental Damages
Contracts only
Damages that arise when the non-breaching party tries to remedy the breach
Nominal Damages
Torts and Contracts
Plaintiff can seek nominal damages if the harm or loss is slight
Punitive Damages + Limitations
Goal is to punish the D for serious misconduct, not destroy
Constitutional limitations - cannot be grossly excessive
1. Reprehensibility of the conduct
2. Ratio of compensatory to punitive damages
3. D’s wealth
Restitution
Tort and contracts
Measured by the benefit conferred on D based on theory of unjust enrichment
CANNOT get both restitution and compensatory - choose 1
Limitations on Money Damages
- Actual cause - tort & contract
- Proximate cause - tort
- Certainty - tort & contract
- Avoidable consequences - tort & contract
Injunctive Relief
An injunction is a court order directing a person to act or refrain from acting
Torts and contracts
Temporary Restraining Order
A party seeking a TRO must establish:
1. Likelihood of success on the merits
2. Irreparable harm if not granted or money damages inadquate
3. Balancing of the hardships
Can be granted ex parte
14 day max
Defenses not considered