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4 Written questions

4 Multiple choice questions

  1. The starting point in calculating compensatory damages is to determine the loss in value of the performance that the plaintiff had the right to expect.
  2. is an equitable remedy whereby the court orders the breaching party to perform his contractual duties as promised.
  3. A person who has been injured by a breach of contract is entitled to recover compensatory damages

    Normally, compensatory damages include 1 or more of three possible items:

    1)Loss in value

    2)Allowable consequential damages

    3)Any allowable incidentals
  4. compensate for losses that occur as a consequence of contract.

4 True/False questions

  1. Equitable RemediesIn exceptional cases in which money damages alone are not adequate to fully compensate for a party's injuries, a court may grant an Equitable Remedy either alone or in combination with a legal remedy.

          

  2. Incidental Damagesvery small damages awards that are given when a technical breach of contract has occurred without causing any actual or provable economic loss.

          

  3. Nominal Damagesvery small damages awards that are given when a technical breach of contract has occurred without causing any actual or provable economic loss.

          

  4. Legal Remedies (damages) three principlesA party can recover damages only for those losses that they can prove with reasonable certainty. losses that are purely speculative recoverable

    A breaching party is responsible for paying only those losses that were foreseeable to him at the time of contracting.

    Plaintiff injured by a breach of contract have the duty to mitigate (avoid or minimize) damages.

          

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