Cengage Advantage Books: Fundamentals of Business Law 9th Edition by Roger LeRoy Miller

Exercise 10

Video Question To watch this chapter's video, Midnight Run , go to www.cengagebrain.com. Register the access code that came with your new book or log in to your existing account. Select the link for the "Business Law Digital Video Library Online Access" or "Business Law CourseMate." Click on "Complete Video List," view Video 57, and then answer the following questions:
1 Eddie (Joe Pantoliano) and Jack (Robert De Niro) negotiate a contract for Jack to find "the Duke," a mob accountant who embezzled funds, and bring him back for trial. Assume that the contract is valid. If Jack breaches the contract by failing to bring in the Duke, what kinds of remedies, if any, can Eddie seek? Explain your answer.
2 Would the equitable remedy of specific performance be available to either Jack or Eddie in the event of a breach? Why or why not?
3 Now assume that the contract between Eddie and Jack is unenforceable. Nevertheless, Jack performs his side of the bargain by bringing in the Duke. Does Jack have any legal recourse in this situation? Explain.