Pay perfect expectation damages to the promise

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Reference no: EM13742707

1. Assume that the high costs of performing cause the promissory to breach a contract and pay perfect expectation damages to the promise. Would the promise have preferred that the promissory perform?

2. Explain the gain in total payoffs from allowing the promissory to breach and pay expectation damages when performing is efficient.

Reference no: EM13742707

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