Final answer:
If Coins-R-Us refused to fulfill a contract with Mike after payment, a court would likely grant compensation. This remedy is intended to reimburse Mike for the losses he incurred due to the breach by Coins-R-Us.
Step-by-step explanation:
If Mike entered into a contract with Coins-R-Us to purchase a rare coin and tendered payment, but Coins-R-Us refused to give him the coin and perform their part of the contract, the court could grant compensation to Mike. Compensation is a remedy typically provided in cases of breach of contract where the non-breaching party is made whole by receiving a monetary award equivalent to the losses suffered due to the breach.
In contract law, the primary goal of remedies is to place the injured party in the position they would have been in had the contract been performed as agreed. Punishment is not a contract law remedy, dismissal typically refers to a court disposing of a case without a trial, and victory is not a legal remedy but an informal term for winning a case.