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Efficient breach of contract - the role of damage measures: the role of damage measures

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Seminar paper from the year 2007 in the subject Business economics - Law, grade: 1,0, Otto-von-Guericke-University Magdeburg (Faculty of Economics and Management), course: Law and Economics, language: English, abstract: 1. Introduction On the level of economic transactions, contractual relations have emerged over time to govern behavior of people involved in doing business in order to promote the efficient allocation of scarce ressources.1 Thereby, contracts create order, reduce uncertainty...