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4 Written questions

4 Multiple choice questions

  1. very small damages awards that are given when a technical breach of contract has occurred without causing any actual or provable economic loss.
  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. 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
  4. An injured parties ability to recover damages in a contract action is limited by three principles

4 True/False questions

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

          

  2. Punitive Damagesawarded in addition to the compensatory remedy that are designed to punish a defendant for particularly reprehensible behavior and to deter the defendant and others from commenting similar damages.

          

  3. Alternative damagesawarded in addition to the compensatory remedy that are designed to punish a defendant for particularly reprehensible behavior and to deter the defendant and others from commenting similar damages.

          

  4. Consequential Damages (Also Called Special Damages)compensate for losses that occur as a consequence of contract.