Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
expectation damages
Compensation awarded for the loss of what a person reasonably anticipated from a transaction that was not completed. - Also termed expectancy damages; loss-of-bargain damages; lost-expectation damages; damages for lost expectations. "[I]f a person contracts to buy a new car, and then changes his mind overnight and cancels the contract, the seller is in principle entitled to recover his anticipated profit on the transaction even though he has not, at the time of the cancellation, done anything whatever in pursuance of the contract. A person who books a room in a hotel would in theory be liable to pay for the hotel's loss of profit even though he cancels in sufficient time for the hotel to be able to relet the room, so long only as the room in fact remains unlet because there are no takers. Damages of this kind are often called damages for lost expectations, or 'expectation damages', or 'loss of bargain damages'." P.S. Atiyah, An Introduction to the Lour of Contract 310 (3d ed. 1981).
lost-expectation damages
See expectation damages.