Identify and describe the principal contract interests a court may seek to protect
The principal contract interests a court may seek to protect are:
?
a. Expectation interest. The intent is to put the injured party in the position he would have been in if both parties had fully performed their obligations. Expectation damages include direct, consequential, and incidental damages.
b. Reliance interest. The intent is to put the plaintiff in the position he would have been in if the parties had never entered into a contract.
c. Restitution interest. The objective is to return to the injured party a benefit that he has conferred on the other party which it would be unjust to leave with that person.
?
You might also like to view...
Many banks use automated _____ to determine a client's creditworthiness.
Fill in the blank(s) with the appropriate word(s).
Chris is gathering information about the general economic environment in Nepal. In doing so, he will look for information about the general economic environment, market size and population growth rate, and
A. culture. B. airport capabilities. C. political status. D. real income. E. religious institutions.
Xavier and Yolanda have original investments of $50,000 and $100,000 respectively in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 20%, salary allowances of $27,000 and $18,000 respectively, and the remainder equally. How much of the net income of $91,000 is allocated to Yolanda?
A) $26,500 B) $46,000 C) $45,000 D) $45,500
Suppose Ernie says to Eddie at Wal-Smart, "If I decide to buy a word processor next year, I will buy it from you." This would be an example of:
a. an illusory promise. b. past consideration. c. the pre-existing duty rule. d. good consideration.