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4 Written questions

4 Multiple choice questions

  1. 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
  2. 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.
  3. is an equitable remedy whereby the court orders the breaching party to perform his contractual duties as promised.
  4. 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

  1. Nominal Damagescompensate for reasonable cost that injured part incurs the breach in an effort to avoid further 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. Liquidated DamagesThe parties to a contract may expressly provide their contracts that a specific sum shall be recoverable if a contract is breached.

          

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

          

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