Assume that a fortunate contingency makes breach efficient


Question: Assume that a fortunate contingency makes breach efficient for a sales contract, and assume that the parties cannot renegotiate the contract. Explain why the remedy of damages can save transaction costs by reducing the number of sales required to move the good to the person who values it most. Explain why the remedy of specific performance enables the court to avoid the problem of subjective valuations of the good.

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Business Law and Ethics: Assume that a fortunate contingency makes breach efficient
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