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Xenophon

07/30/10 2:18 PM

#327664 RE: puppydotcom #327662

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.