Unformatted text preview: If $29k of work is done, property value will increase by only $300. This is highly inefficient, the farm is basically worthless. The coal company did nothing, they reaped the benefits and didn’t help the plaintiffs at all. The plaintiffs were entitled to specific performance. Proper measure of damages = cost of performance. The coal company should have realized this when designing the contract Defense: Garland Coal Verdict : Law and Economics Notes:...
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This note was uploaded on 12/11/2007 for the course ECON 4040 taught by Professor Hay during the Fall '07 term at Cornell.
- Fall '07