Identify and describe the principal contract interests a court ...

[mspears3]

Identify and describe the principal contract interests a court may seek to protect.

Question 2

One popular form of dispute settlement is arbitration. This is defined as:
 A) rules in admissibility of evidence.
 B) submission for determination of the disputed matter to a private unofficial person selected by agreement.
 C) interlocutory determination by a judge.
 D) none of the above.

[peter]

Answer to Question 1

The principal contract interests a court may seek to protect are:


a. Expectation interest. The intent is to put the injured party in the position he would have been in if both parties had fully performed their obligations. Expectation damages include direct, consequential, and incidental damages.
b. Reliance interest. The intent is to put the plaintiff in the position he would have been in if the parties had never entered into a contract.
c. Restitution interest. The objective is to return to the injured party a benefit that he has conferred on the other party which it would be unjust to leave with that person.


Answer to Question 2

B

[mspears3]

Excellent

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