Consequential damages can be many times higher than direct damages. Consider the Farmer Ted scenario raised in
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Consequential damages can be many times higher than direct damages. Consider the "Farmer Ted" scenario raised in the multiple-choice section of this review, which is based on a real case.7 Is it fair for consequential damages to be 60 times higher than direct damages? The Supreme Court is skeptical that punitive damages should be more than 9 times compensatory damages in a tort case. Should a similar "soft limit" apply to consequential damages in contract cases?
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Business Law and the Legal Environment
ISBN: 978-1133587491
5th edition
Authors: Jeffrey F. Beatty, Susan S. Samuelson
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