Suppose Jonah and Carlos have a contract, which Carlos chooses to breach. Jonah sues, and a court orders Carlos to pay him the amount he expected to gain at the time they made the contract, net of any amount he actually did receive after the breach. The form of payment which the court specifies in this example is called:
a. a contingent fee.
b. a specific performance.
c. a capitation.
d. expectation damages.
Question 2
Data suggest that which of the following are necessary for high rates of economic growth?
A) private property rights.
B) free markets.
C) clear incentives.
D) all of these choices.
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The Dual Court System
Composition of the supreme court, as of November 2020