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This paper deals with contract damages, their types and the way they are calculated according to the concept that the damages should be equal to the harm done to the injured party.
Member rating: No Rating | Words: | Submitted: Sun Apr 25 2004
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CONSTRUCTION ENGINEERING DEPARTMENT COURSE CENG 448 Ass# 3 PRESENTED TO: DR. AMR HASANIN T.A ENG. maha PRESENTED BY: ROUFAIL EMAD GAYED ID#900-99-2438 Abstract: This paper deals with contract damages, their types and the way they are calculated according to the concept that the damages should be equal to the harm done to the injured party. Contract damages can be based upon two concepts the first is restitution and the second is compensatory damages. The first is based on the concept that the injured party should restore his position before the contract was signed; the latter is based on the concept that the injured party should be compensated for any damages and for any profit that he would have received if the contract was preformed according to the specifications. There are three different kinds of compensatory damages: judicial compensation, agreed upon compensation and interest rate. Other forms of damages will also be discussed as punitive damages and under-compensatory. Table of...
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