Economic foundations of law, Public Economics

Assignment Help:

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. 


Related Discussions:- Economic foundations of law

Health care issue , You can choose any one from the four topics listed in t...

You can choose any one from the four topics listed in the following: I. Health economic theory and practice 1. Based on your work experience, expertise, or the field

GDP as a social welfare function, What are the properties and limitations o...

What are the properties and limitations of GDP as a social welfare function?

Fiscal policy, What are objectives of fiscal policy

What are objectives of fiscal policy

Mul.., multi unit finance

multi unit finance

Public services relative to privately produced goods, Industries in the cou...

Industries in the country of Technologia invest in latest equipment that annually enhance productivity of private workers by three percent. Government employees do not profit from

Economic principles of mbis, Normal 0 false false false ...

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

Privatisation, critically examine the statement that privatization can alwa...

critically examine the statement that privatization can always decentralize economic power

Importance of Perception in negotiation., Apply general attribution theory ...

Apply general attribution theory to analyze and explain each party''s attitudes and conclusions. Hint: Use consensus, consistency, distinctiveness, and the fundamental error. 2. Ex

Determine the natural rate of unemployment, Suppose the firm mark up over t...

Suppose the firm mark up over the cost is 10% and the wage setting equation is W=P (1-u) where U is the unemployment rate. a) Find out the real wage rate implied by the price se

Development of green indicators , Development of Green Indicators ...

Development of Green Indicators Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd