Contracts%20Rasmussen%20Fall%2005

Contracts%20Rasmussen%20Fall%2005 - I. EXPECTATION DAMAGES...

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Page 1 of 44 I. EXPECTATION DAMAGES . .......................................... 2 A. Purpose ................................................................. 2 B. Theories ................................................................ 2 C. General .................................................................. 2 II. LIMITATIONS ON EXPECTATION DAMAGES . .............. 2 A. Unforeseeability limitation on damages ............. 2 B. Non-recoverable items ......................................... 2 C. ....................................... 2 D. Duty to mitigate .................................................... 3 III. EXPECTATION DAMS AND SP . ............................... 3 A. Specific Performance ........................................... 3 B. Subjective value .................................................... 3 C. Breach in the sale of goods .................................. 3 D. Sale of realty ......................................................... 4 E. Employment Ks .................................................... 4 F. Construction and service Ks ............................... 4 G. Ks for carriage ..................................................... 5 IV. LIQUIDATED DAMAGES . ........................................ 5 A. LD clause v. penalty ............................................. 5 B. Requirements for valid LD clause (R.2d, 356) ... 5 C. Deposits ................................................................. 5 V. RELIANCE DAMAGES . ................................................ 6 A. Purpose ................................................................. 6 B. Limits .................................................................... 6 C. Special carrier case .............................................. 6 VI. RESTITUTION DAMAGES . ...................................... 6 A. Measures of damages ........................................... 6 B. Unenforceable Ks ................................................. 6 C. Breach of K ........................................................... 6 D. Limitations ............................................................ 7 VII. CONSIDERATION . .................................................. 7 A. Overview ............................................................... 7 B. Bargain promises ................................................. 7 C. Bargains that aren't consideration ..................... 8 D. Accord and satisfaction ....................................... 9 E. Waiver (promises to waive cond.) ....................... 9 F. Unrelied-upon donative promises ...................... 10 G. Relied-upon donative promises .......................... 10 H. Moral or past consideration ............................... 11 VIII. MUTUAL ASSENT – OFFER . .................................. 11 A. Role of K law ....................................................... 11 B. Mutual Assent: .................................................... 11 C. Offers ................................................................... 12
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This note was uploaded on 10/18/2011 for the course LAW 123 taught by Professor Curtis during the Spring '11 term at USC.

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Contracts%20Rasmussen%20Fall%2005 - I. EXPECTATION DAMAGES...

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