Question
It is...necessary to ascertain the loss [the claimant] has in fact suffered by reason of the breach. ...For the object of damages is always to
"It is...necessary to ascertain the loss [the claimant] has in fact suffered by reason of the breach. ...For the object of damages is always to compensate [the claimant], not to punish the defendant."
Per Lord Lloyd inRuxley Electronics and Construction Ltd v Forsyth[1995] 3 W.L.R. 118.
Explain this statement by reference to decided cases.
you will need to explain in the context of the quotation the following:
The aim of contractual damages
The remoteness rule and how it might limit recoverable losses
Why and on what basis damages were awarded in Ruxley
When reliance loss might be awarded
The rule of mitigation of loss
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started