The losses and damages for which a debtor in good faith is liable, are those foreseen or which may have been foreseen, at the time of constituting the obligation, and which may be a necessary consequence of its nonfulfillment.
In case of fraud, the debtor shall be liable for all those which clearly may originate from the nonfulfillment of the obligation.
History —Civil Code, 1930, § 1060.