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  • Expectation_and_Reliance

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Expectation and reliance: one principle or two?

Research output: Contribution to Journal/MagazineJournal articlepeer-review

<mark>Journal publication date</mark>2015
<mark>Journal</mark>Journal of Contract Law
Issue number3
Number of pages13
Pages (from-to)231-243
Publication StatusPublished
<mark>Original language</mark>English


Elementary mathematics are used in this paper to clarify the ‘losing contract problem’ which continues to confuse courts addressing the quantification of damages for breach of contract. The distinction between gross receipts and net profits is analysed in a way which allows the coherent identification of the claimant’s expectation in all contracts, be they profitable, break-even or losing contracts.