Wayne Breaches a Contract with Tim Causing Damages of $25,000

question 32

Essay

Wayne breaches a contract with Tim causing damages of $25,000 in lost profits, when damages under ordinary circumstances would be $17,000. Explain under what circumstances a court would award $25,000.

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Definitions:

Deduce

To derive as a logical conclusion from something known or assumed.

Observed Phenomena

Events or occurrences that have been noticed and recorded, often forming the basis for scientific study or theory development.

Job Security

The probability that an individual will retain their job over time without the risk of becoming unemployed.

Potential For Advancement

The opportunity or likelihood for progress, growth, or promotion within a career or professional field.