What is the test for just compensation in the context of a claim for damages arising out of a breach of contract?

"New York", United States of America

The following excerpt is from Port Authority Trans-Hudson Corp. v. Hudson Rapid Tubes Corp., 20 N.Y.2d 457, 231 N.E.2d 734, 285 N.Y.S.2d 24 (N.Y. 1967):

We are well aware of the distinction between this case and cases we have just cited and discussed. Nevertheless, the common thread which runs through all of them is that just compensation requires a result which is "just' both to an owner whose property is taken and to the public that must pay the bill.' (United States v. Commodities Corp., 339 U.S. 121, 123, 70 S.Ct. 547, 549, supra.)

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