HYPOTHETICAL ASSIGNMENT

Hypothetical Assignment

Hypothetical Assignment

Introduction

An agreement is a lawful and enforceable concurrence between two or more parties with mutual obligation. The groundwork at regulation for break of agreement is "damages" or economic compensation. In equity, the remedy can be exact production of the contract. Both remedies honor the impaired party the "benefit of the bargain" or anticipation damages, which are larger than sheer reliance damages.

Breach of contract is a legal reason of action in which a compulsory agreement or bargained-for exchange is not privileged by one or more of the parties to the agreement by non-performance or intervention with the other party's presentation (Bryn, 2001, 111).

Compensation for contract errors

The Court stressed that where a breach of contract, damages may be awarded to the innocent people. Damage is the loss can be compensated for breach of contract by an innocent third party. This damage is usually paid will reflect the loss. For example, if the unfair dismissal of employees, contract workers under sentence may claim compensation for loss of income. Actual damage, loss, usually innocent, if nominal damages are awarded, which can be given to the innocent (Byrne, 2002, 77).

Proof of breach of contract

If there is a breach of contract dispute, we have a legally binding contract exists, the judge must determine that violate it. In some cases, the contract may be oral contract; there may be evidence of the fact that the contract is formed. In this case, the judge made it clear what should go in the practice of the rules and regulations. (Baker, 2002, 122)

Other Damages for Breach of Contract

Other losses, lost profits, may include the correct cost of fraud and wasteful spending. If you dispute the amount received by the court, may be reduced after a number of documents to prove that the economic loss to the applicant. This is the actual record, you can introduce errors of financial loss are certified contract. However, if there is no evidence, still may receive compensation, but decided that specified, all just depends on the facts of the case notes of evidence (Murray, 2000, 72).

Hypothetical Answers

Question 1A. Discuss the elements of a contract and whether A-Z Suppliers, Inc. likely has any meritorious contract-based claims against JAV Tech.

Answer: In order to be able to answer the above question, it is important to consider the 6 elements of a contract.

Offer

An offer can be verbal or in the form of writing ...