(SOLVED) In Figure both parties desire enforceability of the

second play
In Figure, both parties desire enforceability of the second player’s promise when the promise is
made, but when the time comes to perform, the promisor may not want enforceability. What do
these facts say about the Pareto efficiency of enforcing the second player’spromise?

Illinois Tool Works (ITW) has a patent on a printhead and ink container that use unpatented ink
in printing.ITW required its customers to only buy ink from ITW to use with their printheads and
containers. They could not buy refill ink from other suppliers, such as Independent Ink, which
sued […]

Morrison and Gugle opened a store together. The business was incorporated; each owned half
the stock. Gugle was president; Morrison was secretary-treasurer. Both were employees of the
corporation. They got into a dispute over money. Gugle did not trust Morrison and sent her a
letter offering to buy her out. […]

In some countries, it is expected that businesses will pay off officials. Suppose it makes the
difference between getting the contract and not getting the contract? If a payoff is not made
because of the Foreign Corrupt Practices Act, a foreign competitor that will make the bribe will
get the […]

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Robinson worked for the Shields Agency as a security guard at a building in New York owned
by the government of Malaysia. While the building was being renovated, Robinson slipped and
fell on something “”that had been spilled on the floor. Contending that he suffered permanent
injuries in the fall, […]

Chisholm and Company and the Bank of Jamaica agreed that Chisholm was to arrange lines of
credit from a number of banks and was to obtain ExIm Bank credit insurance. The Bank of
Jamaica then “went around” Chisholm and dealt with ExIm Bank directly. It excluded Chisholm
from receiving any […]

Farr, a U.S. company, contracted to buy sugar from CAV, a Cuban company owned by U.S.
citizens. Because the government of Cuba nationalized its sugar industry, including CAV, it
demanded that payments for sugar already shipped must be made to the Banco Nacional de
Cuba. At CAV’s insistence that it […]

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