Carol Cameron was an actress who was best known for playing dramatic roles. She had appeared in several successful movie dramas. In 2000 she was nominated for a Best Supporting Actress Oscar®. On 1 January 2001 she signed a contract with Colossus Studios to play one of the leads in Days of Passion, a film which was to be based on an award-winning literary novel.

| May 27, 2014

Carol Cameron was an actress who was best known for playing dramatic roles. She had appeared in several successful movie dramas. In 2000 she was nominated for a Best Supporting Actress Oscar®. On 1 January 2001 she signed a contract with Colossus Studios to play one of the leads in Days of Passion, a film which was to be based on an award-winning literary novel. The movie was to be directed by a director who had won an Oscar for another film based on such a novel. The film was scheduled to be made in London and other English locations during the period between 15 May and 25 September 2002. The contract provided that Cameron would be paid a salary of $5 million. On 10 February 2002 Colossus informed Cameron that they had decided to cancel the Days of Passion project. Colossus informed Cameron that they were offering her the “leading female role” in a new R-rated action movie starring Sylvester Stallone and Vin Diesel to be made during the period between May and September 2002 on Colossus Studios soundstages and on outdoor locations in southern California. Colossus offered Cameron a salary of $5 million to appear in this action movie. Cameron declined to appear in the action movie. Cameron filed suit against Colossus for breach of contract. Will this suit be successful? If so, what amount of damages will the court award to Cameron? Explain.

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Mogul arranged with Penelope Yang, a contemporary artist, to paint a portrait of Mogul. The written contract provided that the artist would be paid a fee of $500,000. The contract also said: “the artist (Yang) hereby agrees that Mogul’s personal satisfaction with the portrait painted by the artist is guaranteed”.
Milton Friedman wrote a highly influential article, “The Role of Government in Education.” In this pioneering article, published initially in 1955, he proposed two original ideas, one for funding elementary and secondary education and one for financing higher education. Many elements from this article resonate in current policy proposals aimed towards improving the productive efficiency and equity of education systems.

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