The Idea That Breach of Contract Generally Only Allows Recovery

question 290

Multiple Choice

The idea that breach of contract generally only allows recovery for profits and costs incurred due to the breach is called:

• A) the compensatory rule
• B) the efficient breach rule
• C) the remedy doctrine
• D) contract damages doctrine
• E) none of the other choices

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Definitions:

Standards of Living

A measure of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.

Opportunity Costs

Eliminating possible positive outcomes from alternative selections by choosing one.

Worse Off

A situation or condition in which an individual or group is disadvantaged or in a less favorable position than before.

Opportunity Cost

The value of the next best alternative that one gives up when making a decision.