News Focus
News Focus
Followers 0
Posts 3630
Boards Moderated 0
Alias Born 05/27/2005

Re: puppydotcom post# 327662

Friday, 07/30/2010 2:18:56 PM

Friday, July 30, 2010 2:18:56 PM

Post# of 346952
Pupster, you haven't had contracts law - I have. Contracts are not specifically enforceable the way you PRESUME they are when economic damages are measurable.

Look up some terms today as a start:

compensatory damages

expectancy damages/expectation damages

reliance damages

consequential and incidental damages

liquidated damages

specific performance

lost profits damages

Just for kicks - start here - Hadley v. Baxendale is one of the first cases you study when you get to damages/remedies - it is not exactly on point here, but it'll give you a flavor for why your ideas about how contracts bind parties to literal performance terms is laughable.

Then, when you're interested in contracts for goods, start with the UCC.





Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today