Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A contract remedy which seeks to satisfy a party's reliance interest is intended to: a) put the party in the position (s)he would have been

A contract remedy which seeks to satisfy a party'sreliance interestis intended to:

a) put the party in the position (s)he would have been in had the contract beenperformed as promised (i.e., give him the value of the difference between theperformance promised and the performance actually received).

b) put the party in the position (s)he would have been in had the contract not beenformed (i.e., reimburse him for any expenses incurred in performing orpreparing to perform the contract).

c) give back to the party anything of value that (s)he has bestowed upon thebreacher.

d) put the breacher in the position (s)he would have been in had (s)he had not breached the contract.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Statistics For Contemporary Decision Making

Authors: Black Ken

8th Edition

978-1118494769, 1118800842, 1118494768, 9781118800843, 978-1118749647

Students also viewed these Law questions