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4 Written questions

4 Multiple choice questions

  1. 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.
  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. 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.
  4. compensate for reasonable cost that injured part incurs the breach in an effort to avoid further loss.

4 True/False questions

  1. Legal Remedies (damages)An injured parties ability to recover damages in a contract action is limited by three principles

          

  2. Specific Performanceawarded 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. Compensatory DamagesA 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. Nominal Damagescompensate for reasonable cost that injured part incurs the breach in an effort to avoid further loss.