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6 Written questions

6 Multiple choice questions

  1. ● 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"
  2. Money [aid to the innocent party by the guilty party
  3. ● 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
  4. ● Inseminate cows
    ● "Stud was a dud"
    ● Court didn't grant consequential damages
  5. If breach of contract, what can I do about it?
  6. ● NYC mother in apartment with child
    ● Child grabs electric cord - gets 3rd degree burns
    ● Takes to hospital - if pay $, then doctor will take skin from thigh to cover the hand
    ● Hair follicle from thigh starting growing in the hand
    ● Hand doesn't look exactly like the other hand = breach of contract

5 True/False questions

  1. 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

          

  2. Liquidated Damages● Previously agreed damage amount
    ● In lieu of consequential damages, and maybe compensatory and expectancy above
    ● Why? - because people are risk averse

          

  3. 3 Types of Remedies Under Contract Law● Damages
    ● Specific Performance
    ● Unilateral Rescission

          

  4. Positive Specific Performance● Require guilty party to perform contract because no other remedy can put innocent party in same position
    ● For personal services, can only use if government-safety-related
    ● Professional sports - can't make them perform

          

  5. Specific PerformanceRequiring the guilty party to perform contract

          

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