Examlex
Explain what a critical (realigning)election is.
Hadley v. Baxendale
A landmark English court decision from 1854 that established the principle for determining damages in breach-of-contract cases, emphasizing foreseeability of damages.
Restitution
A legal principle requiring a party who has unlawfully benefited at the expense of another to compensate the aggrieved party.
Lost Profits
Represent potential earnings that were not realized due to a breach of contract or other wrongful act.
Out-of-Pocket Rule
A legal principle used to calculate damages based on the actual direct losses and costs incurred by a plaintiff.
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