1. What does the author of the article mean by "efficient breach?" What is the relationship between an efficient breach and contract damages?
2. List and briefly describe the three alternative rules for determining damages in an action for breach of contract. Associate each of the three rules with the terms "loss in value," "difference in value," and "full value of the performance promised."
3. Discuss the relationship between "total value" and "surplus value." Which concept is based on economic theory?