The measure of damages awarded to an innocent party for fraud is the difference between the value of the property as represented and the actual value of the property.

Question

Quizplus · Accepted Answer

This is known as the "out of pocket" measure of damages for fraud. It is designed to make the innocent party whole by placing them in the position they would have been in had the misrepresentation not occurred.

The Measure of Damages Awarded to an Innocent Party for Fraud