Economic foundations of law, Public Economics

Mr. X enters into a contract with Mr. Z under which Z agreed to build a customized telescope for X for $500. The value of the completed telescope to X will be $600. Expecting that the telescope will be delivered on schedule, X pays the purchase price to Z and drills a hole in his roof at a cost of $300. However, before Z delivers the telescope, Ms. Y, another amateur astronomer, offers to buy it from Z for $550. Would Z breach his contract with Mr. X if the measure of damages were (1) the expectation interest (2) the restitution measure (3) the reliance measure? Explain why in detail. 

Posted Date: 2/22/2013 6:49:30 AM | Location : United States







Related Discussions:- Economic foundations of law, Assignment Help, Ask Question on Economic foundations of law, Get Answer, Expert's Help, Economic foundations of law Discussions

Write discussion on Economic foundations of law
Your posts are moderated
Related Questions
We live in a globalized world economy. Our policy agenda, as we have discussed earlier have changed enormously to include environment, humanity in general as well as the conventio

examine the efficiency of quantitative credit control instruments.

Public Finance was always dealing with intervention through fiscal instruments, including federal relationships between different tiers of governments and later on it subsumed Publ

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Requisite Modifications to National Income Accounts Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetE

explanation and justify the condition of pareto optimality and verify the defination of contrect curve. statment; reallocation of the resources from 1 efficient point to another ef


How does it work? how is its basic structure?

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Contingent  Valuation Method Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4