Question
Ricardo can recover damages for breach of contract from Simon. He can recover his lost profits from Tuesday lunch, Tuesday dinner and Wednesday lunch, as
Ricardo can recover damages for breach of contract from Simon. He can recover his lost profits from Tuesday lunch, Tuesday dinner and Wednesday lunch, as well as the cost of the fresh food which had to be thrown out. He can also recover his lost profits from the contract to supply pizzas to the local primary school. Explanation: When one party to a contract breaches their obligations, the other party may be entitled to damages. The purpose of awarding damages is to put the injured party in the position they would have been in if the contract had been performed. There are two main types of damages that may be awarded: compensatory damages and punitive damages. Compensatory damages are intended to compensate the injured party for their losses. They are calculated by looking at the difference between the contract price and the market value of the goods or services. Punitive damages are intended to punish the breaching party and are only awarded in exceptional circumstances. In this case, Ricardo can recover his lost profits from Tuesday lunch, Tuesday dinner and Wednesday lunch, as well as the cost of the fresh food which had to be thrown out. He can also recover his lost profits from the contract to supply pizzas to the local primary school. These are all examples of compensatory damages. Punitive damages are not usually awarded for breach of contract, but may be awarded if the breach was particularly egregious. In this case. there is no evidence of anything that would warrant the award of punitive damages.
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