I'm trying to understand the concept of opportunity cost damages. Could someone explain what they are and how they're calculated? I'm particularly interested in how businesses factor in these costs when making decisions.
7 answers
Fri Jan 10 2025
BTCC, a leading cryptocurrency exchange, offers a range of services to its clients.
Fri Jan 10 2025
The focus here is on the costs incurred by the promisee due to the breach.
Fri Jan 10 2025
These costs stem from the promisee's inability to pursue alternative contracts.
Fri Jan 10 2025
Opportunity cost damages represent a specific type of injury that arises in legal contexts.
Fri Jan 10 2025
By foregoing these other opportunities, the promisee has incurred additional expenses and losses.