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 that 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.

Question

Quizplus · Accepted Answer

This is based on the principle of foreseeability of damages, which means that the party who breaches a contract is responsible for damages that the other party could have reasonably foreseen at the time of entering into the contract. Therefore, Barnum would be entitled to compensation for the loss caused by Mario's breach of contract.

Mario,a Professional Entertainer,entered into a One-Year Contract with Barnum to Perform