Discussions to come on contract damages

Reference no: EM133614346

Question: Explain or hypothesize about why economists, and the many judges and lawmakers who understand the economic impact of such a policy, have won their argument that economic activity would be hindered and the American economy would suffer if we start penalizing/punishing parties for breaking contracts beyond making them compensate the other party for the injury caused/suffered? What do you folks think--can you help the class understand this essential foundation for all of our discussions to come on contract damages?

Reference no: EM133614346

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