Contracts and Specific Performance
Not what you're looking for?
During the class - we have discussed a number of contractual remedies for contracts - including (in very limited cases) the remedy of Specific Performance. However - this begs the questions, if the law is promote "enforceable promises" in the form of a contract, why not make specific performance the primary remedy? Do you think we should rely on such a remedy rather than monetary damages? What positives and negatives would you see?
Purchase this Solution
Solution Summary
Your discussion is 237 words and gives examples to illustrate.
Solution Preview
The problem with specific performance is that it may force a relationship between hostile parties. For instance, let's say you agreed to allow a partner to enter the firm and bring their clients. However, they did not disclose their criminal background and so you want to exclude them. In the meantime some of the new partner's client did ...
Education
- BSc, University of Virginia
- MSc, University of Virginia
- PhD, Georgia State University
Recent Feedback
- "hey just wanted to know if you used 0% for the risk free rate and if you didn't if you could adjust it please and thank you "
- "Thank, this is more clear to me now."
- "Awesome job! "
- "ty"
- "Great Analysis, thank you so much"
Purchase this Solution
Free BrainMass Quizzes
Change and Resistance within Organizations
This quiz intended to help students understand change and resistance in organizations
Marketing Management Philosophies Quiz
A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.
Basic Social Media Concepts
The quiz will test your knowledge on basic social media concepts.
Income Streams
In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.
Marketing Research and Forecasting
The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.