Asked by Seniha Elcik on Jul 19, 2024
Verified
Stacey wanted someone to paint her house.Jessica offered to do it for $300 while Nancy offered to do it for $250.A few days after Stacey entered into a contract with Nancy,Nancy increased her fee to $400.By this time,Jessica was not interested in entering into a contract with Stacey anymore.Stacey can seek to be compensated on the basis of a ________.
A) quasi-contract
B) part performance
C) reliance interest
D) compensatory damages
Quasi-Contract
A legal concept that implies a contract exists to prevent unjust enrichment or unfair benefit, even though no formal contract exists between the parties.
Compensatory Damages
Financial compensation awarded to a plaintiff to cover losses directly related to an injury or damage.
Reliance Interest
Refers to the compensation aimed at putting a party in the position they would have been in had a contractual promise not been made.
- Recognize the principles of compensatory and other forms of damages.
Verified Answer
VR
Victoria ReddyJul 25, 2024
Final Answer :
C
Explanation :
A promisee's reliance interest is her interest in being compensated for losses that she has suffered by changing her position in reliance on the other party's promise.
Learning Objectives
- Recognize the principles of compensatory and other forms of damages.