4 Written questions
4 Multiple choice questions
- compensate for losses that occur as a consequence of contract.
- is an equitable remedy whereby the court orders the breaching party to perform his contractual duties as promised.
- The parties to a contract may expressly provide their contracts that a specific sum shall be recoverable if a contract is breached.
- 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.
4 True/False questions
Legal Remedies (damages) three principles → An injured parties ability to recover damages in a contract action is limited by three principles
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.
Equitable Remedies → 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.
Legal Remedies (damages) → The parties to a contract may expressly provide their contracts that a specific sum shall be recoverable if a contract is breached.