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4 Written questions

4 Multiple choice questions

  1. compensate for losses that occur as a consequence of contract.
  2. In 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.
  3. 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.
  4. compensate for reasonable cost that injured part incurs the breach in an effort to avoid further loss.

4 True/False questions

  1. Liquidated Damagescompensate for reasonable cost that injured part incurs the breach in an effort to avoid further loss.

          

  2. Punitive DamagesThe 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.

          

  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)An injured parties ability to recover damages in a contract action is limited by three principles

          

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