Friday, April 8, 2016

Restatement (2d) of Contracts § 347, Restated.





Restatement (2d) of Contracts § 347, Restated.
(Measure of Damages in General, Expectation Interest).


Expectancy damages (E) = 
                 Lost Profits (P) + Unrecovered expenses (U) 
                              – Mitigated Damages (M, a.k.a. costs avoided).

E = P + U – M.

AVT  (April, 2016)

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