Neal and Matt formed a bilateral contract. Neal spent $100 in reliance on the contract, which was foreseeable. However, Matt breached the contract.
Since reliance damages equal to the value of the reliance interest of the injured party, Matt owes Neal $100. This puts Neal in the same economic position as if the contract never happened.
Read more about this topic: Reliance Damages
Other articles related to "example":
... Then the projection on the first component of a distribution's wave front set is nothing else than its classical singular support, i.e ... the complement of the set on which its restriction would be a smooth function ...
Example may also refer to:
- Example (musician), a British musician
- Example, Florida rock band For Squirrels' sole major-label album, released in 1995
- example.com, example.net, example.org, example.edu and .example, domain names reserved for use in documentation as examples
- HMS Example (P165), an Archer-class patrol and training vessel of the British Royal Navy
- The Example, a 1634 play by James Shirley
- The Example (comics), a 2009 graphic novel by Tom Taylor and Colin Wilson
4 ... Next we have to scale the structures up by increasing m ...
Famous quotes containing the word example:
“Our intellect is not the most subtle, the most powerful, the most appropriate, instrument for revealing the truth. It is life that, little by little, example by example, permits us to see that what is most important to our heart, or to our mind, is learned not by reasoning but through other agencies. Then it is that the intellect, observing their superiority, abdicates its control to them upon reasoned grounds and agrees to become their collaborator and lackey.”
—Marcel Proust (18711922)