The company Jolost Inc. books a private room in a restaurant, planning to organize a Christmas party with 40 guests (employees and their families). The manager of the restaurant confirms the reservation on the phone, because the Company has been a long-time client of the restaurant and some booking formalities have been forfeited as a result of a long-term client relationship. However, on the agreed date and time NOBODY shows up. It is Saturday night, and the room is empty. The day after, the restaurant manager calls Jolost Inc. to complain about the no-show and demand compensation for the missed business.

- What are the rules of the Law of contracts that are applied to this case? - If you were the judges in a Court case, what decision would you make to

resolve the issue?