Expectation damages refer to the monetary compensation awarded to a party in a contract breach case, intended to put them in the position they would have been in if the contract had been fully performed. This type of damage calculation focuses on the loss of the expected benefits from the contract rather than any incidental costs or expenses incurred. In the context of implied contracts and promissory estoppel, expectation damages serve to uphold fairness by enforcing promises that have led a party to rely on them, even when formal contracts may not exist.
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