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...
Transform the continuous-time highpass transfer function given by \[H(s)=\frac{s^{2}}{s^{2}+s+1}\] into a discrete-time transfer function using the impulse-invariance transformation method with...
A study found that eating a few pieces of chocolate each week can improve your cardiovascular health. Identify the two events described in the study. Do the results indicate that the events are...
The International Ethics Standards Board for Accountants (IESBA) Handbook of the Code of Ethics for Professional Accountants is available for free download from the IFAC website (www.ifac.org)....
Using BLS data, make a table comparing the changes in employment, unemployment rate, and the level of average hourly wage since the onset of the Great Recession in 2008. Discuss three specific ways...
In maize, the genes Tu, j2, and gl3 are located on chromosome 4 at map positions 101, 106, and 112, respectively. If plants homozygous for the recessive alleles of these genes are crossed with plants...
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.
Let D D be the domain between the line y = b x / a y = b x / a and the parabola y = b x 2 / a 2 y = b x 2 / a 2 , where a , b > 0 a , b > 0 . Assume the mass density is ( x , y ) = 1 ( x , y ) = 1...
Two forces F, and F act on a 3.80-kg object. F = 40.0 N and F = 10.0 N. 1 2 F 771 90.0 b F 60.0 -F ( (a) Find the acceleration of the object for the configuration of forces shown in Figure (a)....
Select True or False to each of the following statements about collisions: a. If two objects undergo a perfectly inelastic collision, they stick together after the collision. b. In an elastic...
8. In order for an empty elevator with a balancing weight to move up at a constant velocity of 2.2 m/s, the motor has to provide 220 W. (a) What is the magnitude of the frictional forces that opposes...
Two cars, the first of mass 1,800 kg was headed east at 26m/s, the second of mass 1,500 was headed north when they collided. Their tangled wreck moved 45 north of east right after the collision. What...
Our scuba diver, still at a depth of 40.0 m, finds a 9.6 cm diameter cannon ball. They pick it up and then release it from a stationary point (its initial velocity is zero). At that time, what is the...
Bad faith can occur even if an insurer acknowledges coverage and provides a defense if a. it refuses to settle for policy limits. b. it evaluates the case as having a value above policy limits but...
Jax Incorporated reports the following data for its only product. The company had no beginning finished goods inventory and it uses absorption costing. $ 57.30 per unit $ 10.30 per unit $ 7.80 per...
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...
A scuba diver is exploring a shipwreck at a depth of 30 meters in the ocean. The diver's tank contains 5.0 moles of compressed air at a temperature of 25C. What is the pressure of the air in the tank...
1. Determine the atmospheric pressure at a location where the barometric reading is 720 mm Hg. 2. A pressure gauge connected to a tank reads 52 psi at a location where the barometric reading is 29.6...
Assume that a bond has an annual coupon rate of 6.80 percent, but makes coupon payments on a semi-annual basis, has a par value of $1,000, a yield to maturity of 7.20 percent, and a current 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