What Does It Mean When a "Free Lunch" Is Available

question 53

Essay

What does it mean when a "free lunch" is available? Relate your answer to the production possibilities frontier.

Comprehend contract reformation as a remedy for errors in a contract.

Understand the enforceability of contract clauses, including exclusions of liability and limitations on liability.

Explore theories for recovery when a contract is breached or terminated, including restitution.

Analyze the implications of failure to perform contracted service and the pursuit of damages.