Bellwood Inc, which owned a parcel of land that contained dense forests, entered into a contract with Diamond Corp. Diamond Corp. was required to cut and remove the trees from a 40-hectare area. In exchange, Bellwood was required to pay $150 000 and provide trucks to Diamond to transport the cut logs from the worksite. After Diamond had cleared about 20 hectares, Bellwood breached a condition of the contract by failing to provide a sufficient number of trucks. Diamond, therefore, discharged the contract for breach and claimed damages. At trial, the evidence indicated that Diamond had entered into a bad bargain. It had cleared about half of the designated area and had received $75 000 in payment from Bellwood. In doing so, however, Diamond had actually incurred $300 000 in expenses. That amount represented the true market value of the services rendered and was not at all attributable to incompetence or mismanagement.

Questions: If Diamond Corp. claims expectation damages, what amount of money should it receive? What amount of money should it be if it claims reliance damages? Is there any other basis upon which Diamond Corp. could claim relief? If so, what amount of money would it receive?