Construction of the shopping centre was to be completed by October 15th (late penalties were included in the contract) and tenants like FabricLand would move in by November 1st. However, the contractor for the shopping center was 43 days late in completing and now FabricLand is suing the shopping centre owner for _ damages, and the shopping center owner is suing the contractor for damages.

Question

Quizplus · Accepted Answer

FabricLand is suing for damages related to their expectation of being able to move in by November 1st, which is a form of expectation damages. The shopping center owner is likely also suing for expectation damages related to lost income from delayed tenant move-ins. Consequential damages would be damages that are a result of the breach of contract but are not directly related to the contract itself, such as lost profits from other unrelated business ventures. Liquidated damages are a specific amount that is agreed upon in the contract in case of a breach, which is not the case here. General damages are also not applicable as they refer to damages that are difficult to quantify, such as emotional distress, which is not relevant in this case.

Construction of the Shopping Centre Was to Be Completed by October