4 Written Questions

1. An injured parties ability to recover damages in a contract action is limited by three principles
2. 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
3. is an equitable remedy whereby the court orders the breaching party to perform his contractual duties as promised.
4. 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.

4 Multiple Choice Questions

1. 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.
   1. Alternative damages
   2. Legal Remedies (damages)
   3. Liquidated Damages
   4. Legal Remedies (damages) three principles
2. 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.
   1. Punitive Damages
   2. Nominal Damages
   3. Liquidated Damages
   4. Alternative damages
3. compensate for losses that occur as a consequence of contract.
   1. Consequential Damages (Also Called Special Damages)
   2. Compensatory Damages
   3. Liquidated Damages
   4. Legal Remedies (damages)
4. 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.
   1. Equitable Remedies
   2. Nominal Damages
   3. Liquidated Damages
   4. Punitive Damages

4 True/False Questions

1. Punitive Damages → 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.

   True        False

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

   True        False

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

   True        False

4. Liquidated Damages → The parties to a contract may expressly provide their contracts that a specific sum shall be recoverable if a contract is breached.

   True        False