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Please just answer b and c. I have the answer key but don't understand. Suppose Jeffrey agrees to produce a bespoke pair of jeans for
Please just answer b and c. I have the answer key but don't understand.
Suppose Jeffrey agrees to produce a bespoke pair of jeans for Jessica for $250. Jessica values Jeffrey's bespoke jeans at $500. Jeffrey expects it to cost him $120 to produce the bespoke jeans. However, due to increased costs of material it costs Jeffrey $180 to produce the bespoke jeans. Jessica spends $20 on a new pair of boots to wear with her new bespoke jeans. a. If the court cares about efficiency, should Jeffrey breach the contract? Explain your answer. (5pts) b. Should an expectation damages award lead to efficient choices for Jeffrey? Explain your answer. (9pts) C. Should a reliance damages award lead to efficient choices for Jeffrey? Explain your answer. (6pts) Suppose Jeffrey agrees to produce a bespoke pair of jeans for Jessica for $250. Jessica values Jeffrey's bespoke jeans at $500. Jeffrey expects it to cost him $120 to produce the bespoke jeans. However, due to increased costs of material it costs Jeffrey $180 to produce the bespoke jeans. Jessica spends $20 on a new pair of boots to wear with her new bespoke jeans. a. If the court cares about efficiency, should Jeffrey breach the contract? Explain your answer. (5pts) b. Should an expectation damages award lead to efficient choices for Jeffrey? Explain your answer. (9pts) C. Should a reliance damages award lead to efficient choices for Jeffrey? Explain your answer. (6pts)Step by Step Solution
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