354: Listen and Learn -- Expectation and Consequential Damages (Contracts)
The Law School Toolbox Podcast: Tools for Law Students from 1L to the Bar Exam, and Beyond
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The Owner's Loss of Profits From the Pie Eating Contest
We're told that prior to entering the agreement, the owner told the painter that he was planning the grand opening of the bakery for february fifteenth. On our rule, it looks like the owner is entitled to four thousand dollars in lost profits rat well, not so fast. We still need to deal with mitigation. The real issue here is whether the profits were reasonably certain. How can we know the amount of profit the bakery would make between feb February fifteenth and march first? There is simply no way to know for certain. Therefore, the owner will likely not be able to recover speculative lost profits.
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