Expectation damages are best described as:A) An entitlement to contractual performance for the promise protected by a property rule.B) An entitlement to contractual performance for the promise protected by a property rule.C) An entitlement to contractual performance for the promise protected by a liability rule.D) An entitlement to contractual performance for the promise protected by an inalienability rule.

Question
Asked Nov 29, 2019
1 views

Expectation damages are best described as:

A) An entitlement to contractual performance for the promise protected by a property rule.

B) An entitlement to contractual performance for the promise protected by a property rule.

C) An entitlement to contractual performance for the promise protected by a liability rule.

D) An entitlement to contractual performance for the promise protected by an inalienability rule.

check_circle

Expert Answer

Step 1

To describe the expectation damages,

Step 2

The expectation damages are the compensation that is awarded to the harmed party in the case of breach of contract. The compensation amount tries to put the harmed party in the position in which it would have been if there was no breach of contract occurred.

 

Step 3

The expectation damages are best described as an entitlement to contractual performance for the promise protected by a liability rule. The liability rule also states that the compensation must be provid...

Want to see the full answer?

See Solution

Check out a sample Q&A here.

Want to see this answer and more?

Solutions are written by subject experts who are available 24/7. Questions are typically answered within 1 hour.*

See Solution
*Response times may vary by subject and question.
Tagged in

Business

Economics

Other

Related Economics Q&A

Find answers to questions asked by student like you

Show more Q&A add
question_answer

Q: Why do banks want to maintain as little excess reserves as possible? Under what circumstances might ...

A: Excess reserves are the difference between actual reserves and required reserves.Excess Reserves = A...

question_answer

Q: Hello, I would like help with this assignment Thank you  Monetary Policy If the economy is at full...

A: We are authorized to answer three subparts at a time, since you have not mentioned which part you ar...

question_answer

Q: Suppose an initial investment of $100 will return $50/year for three years (assume the $50 is receiv...

A: Initial investment is given to be: $100Return on investment = $50/year for 3 yearsDiscount rate (r) ...

question_answer

Q: Suppose the simplified consolidated balance sheet shown below is for the entire commercial banking s...

A: The given balance sheet is as follows:

question_answer

Q: A) List and explain the 3 types of unemployment. Include the characteristics of each and the role of...

A: Unemployment occurs when a person is actively looking for a job and is unable to find one.Three type...

question_answer

Q: 1.       Suppose the price of gasoline in July 2018 averaged $1.35 a gallon and 15 million gallons a...

A: Answer  -  Given in the questionPrice of gasoline in July 2008 averaged = $1.35 a gallonGasoline sol...

question_answer

Q: Suppose BMW runs a great ad campaign that increases demand and drives up the price of BMWs. Which of...

A: Increase in demand for BMW increases its price in the market. If market price is high, it encourages...

question_answer

Q: Suppose the price level reflects the number of dollars needed to buy a basket of goods containing on...

A: Inflation:Inflation refers to the quantity measure which measures the average price rise in the good...

question_answer

Q: Suppose that annual output in year 1 in a 3-good economy is 3 quarts of ice cream, 1 bottle of shamp...

A: Hey, Thank you for the question. According to our policy we can only answer 3 subparts per question....