- expectation interest, where the court attempts to put the promisee in the position in which the promisee would have been had the promise been performed
--"the benefit of the bargain"
--generally used today in actions founded on promises that are enforceable - reliance interest, attempts to put the promisee back in the position in which the promisee would have been in had the promise not been made
--if the promisee changes his/her position to his/her detriment in reliance on the promise, as if by incurring expenses in performing or preparing to perform
--less generous than expectation interest - restitution interest, attempts to put the promisor back in the position he/she would have been in had the promise not been made
--less generous than exp. int. or rel. int.
--if the promisee conferred a benefit on the promisor in the course of the transaction
Saturday, September 13, 2008
Three damage interests
Fuller & Perdue (a.k.a. the Gods of contract damages) give us the three damage interests:
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