Asked by
Gerald Castillo
on Dec 18, 2024Verified
Mario, a professional entertainer, entered into a one-year contract with Barnum to perform exclusively at Barnum's theatre, and to perform nowhere else during that period of time. A week after the agreement was signed, Mario entered into another agreement with a competitor of Barnum to perform at his opera house. The monetary amount which Barnum would be entitled to receive as compensation from Mario would be the amount of the loss that Mario could reasonably have foreseen at the time that the contract was entered into by the parties.
Reasonably Foreseen
The ability to predict or anticipate an event or outcome based on available information, often relating to legal liability for certain actions.
- Recognize and elucidate the remedies accessible for a breach of contract.
Verified Answer
MF
Learning Objectives
- Recognize and elucidate the remedies accessible for a breach of contract.
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