Explain why compensating the victim of breach for expectation damages causes efficient performance and breach, whereas compensating

Question:

Explain why compensating the victim of breach for expectation damages causes efficient performance and breach, whereas compensating the victim of breach for excessive reliance may cause inefficient performance and breach.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Law and economics

ISBN: 978-0132540650

6th Edition

Authors: Robert cooter, Thomas ulen

See More Books

Question Posted: Aug 10, 2012 03:37 AM

See More Questions

Explain how monopoly causes an inefficient allocation of resources when the competitive firm does not, even when both seek to maximize profits.
Explain why having a minimum voting age may cause rent-seeking.
Explain why normalized relations may not comprise an efficient physical implementation structure.
Implement the method contains() for BST.
Through changes in clamping designs, a sheet-metal forming operation can allow the material to undergo a negative minor strain in the forming-limit diagram. Explain how this effect can be...
Angela Corporation purchased a new piece of equipment to be used in its new aes ne presentation. facility. The $750,000 piece of equipment was purchased with a $50,000 down payment Comprehensive...
Buyers often prepare a list when selecting a seller to make the process more manageable. a. preferred b. short c. qualified suppliers d. BAFO LO.1
Alec, Daniel, William, and Stephen decide today to save for retirement. Each person wants to retire by age 65 and puts $11,000 into an account earning 10% compounded annually. Required: Calculate how...
Robinson, Inc. reports: \ table [ [ ih provided by operating activities,$ 2 2 9 5 0 0 0
In how many ways can 10 (identical) dimes be distributed among five children if (a) There are no restrictions? (b) Each child gets at least one dime? (c) The oldest child gets at least two dimes?
Assume that the high costs of performing cause the promisor to breach a contract and pay perfect expectation damages to the promisee. Would the promisee have preferred that the promisor perform?
Default rules save transaction costs in direct proportion to their efficiency. Explain this proposition.
Perform the indicated operations in Problems 1938. (Recall that negative exponents are sometimes used to denote fractions. For example, 1/7 = 7 -1 .) a. 13 31 7-5 b. 3.
You have recently taken over daycare center that was under substandard leadership. Currently, the staff is unmotivated, negative, and often absent from work. You notice that there is minimal...
Choose an organization from the industry of your choice to discuss, illustrate, and reflect deliberately on the following: Why is it important to distinguish between "group" and "team "? What kinds...
The focus of data governance programs, in some capacity, is enterprise-wide data quality standards and processes. If you were a manager focusing on master data: Would you likely meet enterprise-level...
1) Identify and explain each component of the ANOVA model. 2) How is the F ratio obtained? 3) What role does the F ratio play?
Make a BCG matrix table and place the following products from Apple: iPhone, iPad, iMac, iPod, Apple TV, Apple Watch, AirPod, and HomePod. Briefly describe why you have placed the products in the...
Identify ways in which habits and cultures could be developed in an organisation that encourages people to act as moral agents.
What is your assessment of the negotiations process, given what you have studied? What are your recommendations for Mr. Reed? You must justify your conclusions
This case is really three separate cases, each one adding a new twist to the life and times of Scranton Bank and Trust, a small banking firm in Scranton, Pennsylvania. In the first case, Norwalk Auto...
Match the following terms with their definitions: ___ A. Note ___ B. Check ___ C. Draft ___ D. Order paper ___ E. Bearer paper 1. An instrument that is not made out to any specific person 2. An order...
Make an argument in support of Britt.
True and false: 1. The possessor of a piece of commercial paper always has an unconditional right to be paid. 2. Three parties are involved in a draft. 3. To be negotiable, bearer paper must be...
Compute the value of ordinary bonds under the following circumstances assuming that the coupon rate is 0.06:(either the correct formula(s) or the correct key strokes must be shown here to receive...
A tax-exempt municipal bond has a yield to maturity of 3.92%. An investor, who has a marginal tax rate of 40.00%, would prefer and an otherwise identical taxable corporate bond if it had a yield to...
Please note, kindly no handwriting. Q. Suppose a 3 year bond with a 6% coupon rate that was purchased for $760 and had a promised yield of 8%. Suppose that interest rates increased and the price of...

Explain why compensating the victim of breach for expectation damages causes efficient performance and breach, whereas compensating

Question:

Step by Step Answer:

There are many facets to the answer Consider one if ...View the full answer

Law and economics

Students also viewed these Business Law questions