Examlex
When measuring expectation damages, the courts have the choice between awarding the 'cost of cure' (the cost of buying substitute exact performance from another) or the 'diminution of value' (the market value of the performance the defendant undertook minus that actually given). The courts will always award the lower of the two measures.
Joint Tenancy
Shared property ownership with a right of survivorship.
Tenants in Common
A form of co-ownership where each tenant owns a separate and undivided interest in the property, and upon death, their share passes to their heirs or designated beneficiaries.
Severing
The act of legally separating or dividing a contract, legal obligation, or property right into distinct parts.
Boating Accident
An incident involving a boat that results in damage, injury, or death, which may be subject to investigation and legal proceedings.
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