804. Claim for deceit.

The award in a claim for deceit, or its equitable equivalent1, is of a gross sum in money, payable once and for all as compensation2, to represent the present value of the entire net loss sustained by the representee3 in the past, or likely to be sustained in the future4, by reason of his being misled by the fraudulent misrepresentation5.

The general rule as to the quantification of the damage is that the claimant should be restored to the position he would have been in if the representation had not been made. In applying this principle to consequential loss a