| When the non-breaching party is to receive property or a service under the contract, the "loss in value" is the value of that property or service. For example, suppose that John Jarndyce were to enter into a contract to sell Bleak House to Lord Dedlock for 100,000 pounds. If he were to breach the contract and it were determined that the fair market value of Bleak House was 120,000 pounds, then the damages his lordship was entitled to would be determined like this: The "loss in value" is 120,000 pounds, the value of Bleak House. There is no "other loss." The "cost avoided" is 100,000 pounds, the amount Lord Dedlock was to receive under the contract. |