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4 Written questions

4 Multiple choice questions

  1. 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
  2. A 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.
  3. The normal measure of compensatory damage is not appropriate in every case.

    When it is not appropriate, a court may use an alternative measure of damages.
  4. very small damages awards that are given when a technical breach of contract has occurred without causing any actual or provable economic loss.

4 True/False questions

  1. Legal Remedies (damages)The parties to a contract may expressly provide their contracts that a specific sum shall be recoverable if a contract is breached.

          

  2. Specific Performanceis an equitable remedy whereby the court orders the breaching party to perform his contractual duties as promised.

          

  3. Loss in ValueThe starting point in calculating compensatory damages is to determine the loss in value of the performance that the plaintiff had the right to expect.

          

  4. Equitable Remediesvery small damages awards that are given when a technical breach of contract has occurred without causing any actual or provable economic loss.

          

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