reliance:

1. Dependence.  Trust or confidence, particularly in promises and representations.  As an element of acitonable fraud or deceit: — an inducement to action or injurious change of position on the part of the plaintiff.  37 Am J2d Fraud § 223. [1]

1. Trust; confidence; dependence.  Intent to induce reliance is an essential element of fraudulent misrepresentation.  It is also an essential element of promissory estoppel. [2]

reliance damages:
(1938)

1. Damages awarded for losses incurred by the plaintiff in reliance on the contract.  *  Reliance damages restore the plaintiff to the economic condition the plaintiff enjoyed before the contract was formed. [3]

    Excerpt from P.S. Atiyah, An Introduction to the Law of Contract 311 (3d ed. 1981):

     “Reliance damages are . . ‘real’ losses in a much more tangible way than losses of expectations.  The distinction is nicely illustrated by McRae v. Commonwealth Disposals Commission . . .. . in this case, . . . the defendants sold a shipwrecked tanker which they advertised as lying on a certain reef in the Pacific, and the plaintiffs spent a substantial sum of money equipping a salvage expedition to go in search of the ship.  The ship was wholly non-existent, and the plaintiffs were held entitled to damages.  Here it was clear that the plaintiffs had incurred substantial expenses — real losses — in reliance on the contract, and the Australian High Court awarded these reliance damages to the plaintiffs.” [4]

reliance loss damages:
(2006)

1. A reimbursement for losses or expenses that the plaintiff suffers in reliance on the defendant‘s contractual promise that has been breached. [3]

References:

Disclaimer: All material throughout this website is pertinent to people everywhere, and is being utilized in accordance with Fair Use.

[1]: Ballantine’s Law Dictionary with Pronunciations
Third Edition by James A. Ballantine (James Arthur 1871-1949).  Edited by William S. Anderson.  © 1969 by THE LAWYER’S CO-OPERATIVE PUBLISHING COMPANY.  Library of Congress Catalog Card No. 68-30931

[2]: Ballantine’s Law Dictionary Legal Assistant Edition by Jack Ballantine (James Arthur 1871-1949).  Doctored by Jack G. Handler, J.D. © 1994 Delmar by Thomson Learning.  ISBN 0-8273-4874-6.

[3]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4

[4]: P.S. Atiyah, An Introduction to the Law of Contract 311 (3d ed. 1981)

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Disclaimer: Wild Willpower does not condone the actions of Maximilian Robespierre, however the above quote is excellent!