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6 Written questions

6 Multiple choice questions

  1. Requiring the guilty party to perform contract
  2. Allowing the innocent party to cancel the contract and (try to) return to pre contract position
  3. If breach of contract, what can I do about it?
  4. Money [aid to the innocent party by the guilty party
  5. ● Damages
    ● Specific Performance
    ● Unilateral Rescission
  6. ● Innocent Party should be placed IF POSSIBLE in exactly the same position as if guilty party had performed contract
    ● "Benefit of the Bargain"

5 True/False questions

  1. Specific Performance● Make the guilty party perform the contract
    ● When money damages are inadequate because subject matter in unique (land, jewelry, racehorses)
    ● Positive & Negative

          

  2. Compensatory Damages● Money the innocent party expected to receive and keep if contract was fully performed
    ● "Profit"
    ● If performance isn't 100%, then these damages can't be greater than if performed completely and received damages

          

  3. Negative Specific Performance● Require guilty party not to do what guilty party agreed no to do in contract
    ● Injunction or Restraining Order
    ● Covenants not to perform
    ● Employee contracts - "The Sopranos"

          

  4. Expectancy Damages● Amount of money to compensate innocent party for the money the innocent party spent to perform their part of the contract
    ● "Costs"
    ● Labor and Material Costs

          

  5. Baden Vs. Curtiss Breeding Service● Inseminate cows
    ● "Stud was a dud"
    ● Court didn't grant consequential damages

          

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