Expectation and reliance : one principle or two?

Campbell, David (2015) Expectation and reliance : one principle or two? Journal of Contract Law, 32 (3). pp. 231-243. ISSN 1030-7230

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Abstract

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.