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Benefit-of-the-Bargain Damages
Compensation in contract law designed to cover the difference between the value of what was promised in a contract and what was received, ensuring the injured party receives the expected economic benefit.
Statute of Frauds
A law that requires certain types of contracts to be in writing and signed to be legally enforceable.
Enforceability
The characteristic of a legal agreement or obligation that makes it legally binding and capable of being upheld or imposed in a court of law.
Reliance
The act of depending or trusting in something or someone, often involves confidence placed in a party during contractual agreements.
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