Remedies Flashcards
Remedies Essay Approach
- Determine the cause of action in Q (K, Torts)
- Discuss legal/money damages + Limits
- Discuss equitable damages + Defenses
- Discuss restitution remedies + Defenses
Contract Cause of Action
TIP: Usually breach or anticipatory breach
- Sale of Land
- Personal Property
- Employment/Service Ks
Torts Causes of Action
- Trespass to Land
- Trespass to Chattel/Conversion
- Misappropriation of Funds (Embezzlement)
- Int. Torts + Negligence
- Financial Harm/Fraud/Misrepresentation
Money/Legal Damages
- Compensatory Damages - Torts v. K
- Expectation Damages
- Consequential Damages
- Incidental Damages
- Nominal Damages
- Reliance Damages
- Punitive
- Restitution
- Liquidated Damages
Compensatory Damages (Torts)
RULE: Compensate a plaintiff for injury or harm
- Pain & Suffering, Lost Wages, Medical Expenses
Compensatory Damages (K)
RULE: Include expectation, consequential, and incidental damages
- Must be mitigated by P.
ED + CD + ID - Fail to Mitigate - Costs Avoided
Expectation Damages
RULE: K Remedy. Puts the injured party in the same position they would be in had K performed
UCC: measure goods by a difference of K price and fair market value
Damages must be foreseeable and reasonably certain. Duty to mitigate!
Consequential Damages
RULE: K + Tort Remedy. Other damages besides ED, like loss of profit. Unique to the P.
REQ:
1. Foreseeable: natural/probable causes of tort/breach or contemplated by parties @ K form
2. Causation
3. Certainty: Determine amount with reasonable certainty
NOT RELIANCE! Cannot be speculative!
Incidental Damages
RULE: K Remedy. When the non-breaching party tries to remedy the K breach.
Ex: Buying commercially reasonable expenses or find a similar replacement to a service or good.
Liquidated Damages
RULE: K Remedy. Damages were agreed upon by the parties during K formation.
- Enforceable if reasonable at the time of K & had to determine damages.
- If seen more as a penalty, unenforceable.
Reliance Damages
RULE: Damages where party reasonably reliable upon the promise of another that they’d perform.
- Must choose Reliance/Restitute OR ED
ONLY up to the K price!!
Restitution Damages
RULE: K + Tort Remedy. Measured by benefit conferred ante (D) based on unjust enrichment
K: Way to recover if breach, or Quasi-K
- Reasonable Value of P’s Services
- Cost P increased
- Increase in D’s wealth
- Fixed K price
NO Rest AND ED
Punitive Damages
RULE: Tort, rarely K Remedy. Punish D who engaged with serious misconduct with malice.
Constitutional Limits: Cannot impose “grossly excessive” punishment. No more than 9:1 ratio.
Nominal Damages
RULE: K + Torts Remedy: When P meets all elements of cause of action, but harm is slight/trivial.
- Awarded small money or maybe litigation costs.
Not for negligence/fraud; need actual damages!
Limits on Monetary Damages
- Causation, Actual + Proximate
- Reasonable Certainty
- Duty to Mitigate
- Reduction to Benefits