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3.Date of assessment
As a general rule, damages are to be assessed as at the time of breach.…
Applying those principles, the House of Lords held that since the event which would…
“If a contract for performance over a period has come to an end by reason of a repudiatory breach but might, if it had remained on foot, have terminated early on the occurrence of a particular event, the chance of that event happening must, it is agreed, be taken into account in an assessment of the damages payable for the breach. And if it is certain that the event will happen, the damages must be assessed on that footing.…
(…)…
The underlying principle is that the victim of a breach of contract is entitled to damages representing the value of the contractual benefit to which he was entitled but of which he has been deprived. He is entitled to be put in the same position, so far as money can do it, as if the contract had been performed. The …
As such, whilst the usual rule is that damages are to be assessed as at the date…
2.Basis of quantification
4.Remoteness of loss
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