Question: Module Four: Project 4.4A No unread replies. No replies. PROJECT 4.4A Dear Students: PROJECT 4.4As purpose is to introduce you to the construct of Law

Module Four: Project 4.4A No unread replies. No replies. PROJECT 4.4A Dear Students: PROJECT 4.4As purpose is to introduce you to the construct of Law and Economic Theory in Damages. Please read the following article and answer the following questions: Question 1:What does the author of the article mean by "efficient breach?" What is the relationship between an efficient breach and contract damages? Question 2:List and briefly describe the author's concerns over the "transaction costs" and "externalities" involved in efficiency argument. Question 3: Discuss the meaning of "entitlements" in the efficiency argument.

ARTICLE: EFFICIENT BREACH OF CONTRACT: CIRCLES IN THE SKY*

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