Mr. M enters into a contract with Mr. R under which R agrees to build a model railroad for $200. The value of the model railroad to M is $300. Expecting that the model railroad will be delivered, M spends $40 remodeling his basement to make room for it. Before R has received any payment from M, another model railroad enthusiast, Ms. J, offers to buy the model railroad from R for $250, which is also the value of the model railroad to J.

If R were to breach his contract with M by selling the model railroad to J, how much would he have to pay M under 1) expectation measure of damages, (b) restitution measure of damages or (c) a reliance measure of damages? In answering this question, explain the objective of each of these alternative measures of damages. Would R breach under any of these damage measures? Would it be efficient for R to breach? Explain why or why not.

Posted Date: 2/22/2013 6:52:01 AM | Location : United States

Ask an Expert

Related Discussions:- Expectated measure of damage, Assignment Help, Ask Question on Expectated measure of damage, Get Answer, Expert's Help, Expectated measure of damage Discussions

Write discussion on Expectated measure of damage
Your posts are moderated

Write your message here..

Related Questions

Theory of cost, what is social cost what is social cost

Define how quality control can be applied to a subcontractor, Define how qu... Define how quality control can be applied to a subcontractor’s work. Quality control of a subcontractor’s work begins along with a clear, detailed and precise requirement of th

Explain the relationship between types of risk action, Explain the relation... Explain the relationship between types of risk action and where each might be utilized. Risk actions are of mainly two types: avoidance actions and mitigation actions: Avoi

Define the difference between effort and elapsed time, Define the differenc... Define the difference between effort and elapsed time. What is the importance of this difference for project planning purposes? Effort is the whole volume of work included in a

CORPORATE STRATEGY, WHAT STRATEGIES ARE SUGGESTED FROM THE CONVENTIONAL VIE... WHAT STRATEGIES ARE SUGGESTED FROM THE CONVENTIONAL VIEW OF THE INDUSTRY LIFE CYCLE

Economy of money, what are the two economy of money? what are the two economy of money?

What are the processes of industrialisation for productivity, What are the ... What are the processes of industrialisation for productivity? The process of industrialisation increases productivity and per capita incomes and includes: a. Urbanisation

Techniques used to improve reading, Problem 1 Different purposes of rea... Problem 1 Different purposes of reading require different methods of reading. Describe the various ways of reading. What are the techniques that you can use to improve your rea

ELASTICITY, WHY DO GOVERNMNETS PLACE HIGH TAX RATES ON PRODUCTS SUCH AS PET... WHY DO GOVERNMNETS PLACE HIGH TAX RATES ON PRODUCTS SUCH AS PETROLA ND CIGRATTES

What is culture and human capital, What is culture and human capital? ... What is culture and human capital? Human capital is the knowledge, experience and skills of employees and can be raised by investing into education, job training and health