NAME

Question types


Start with


Question limit

of 17 available terms

Advertisement Upgrade to remove ads
Print test

6 Written questions

6 Multiple choice questions

  1. ● Inseminate cows
    ● "Stud was a dud"
    ● Court didn't grant consequential damages
  2. ● Amount of money to compensate innocent party for the money the innocent party spent to perform their part of the contract
    ● "Costs"
    ● Labor and Material Costs
  3. ● Money paid to innocent party for reasonably foreseeable future damages to innocent party resulting from guilty party breach
    ● Reasonably foreseeable by guilty party at time of contract
    ● Future damages to innocent party related to guilty party's breach of THIS CONTRACT
    ● Involves 3rd party - usually person dealing with innocent party - but not always
  4. Money [aid to the innocent party by the guilty party
  5. ● Compensatory
    ● Expectancy
    ● Consequential
    ● Liquidated
  6. ● Previously agreed damage amount
    ● In lieu of consequential damages, and maybe compensatory and expectancy above
    ● Why? - because people are risk averse

5 True/False questions

  1. Unilateral Rescission● Innocent Party should be placed IF POSSIBLE in exactly the same position as if guilty party had performed contract
    ● "Benefit of the Bargain"

          

  2. RemediesMoney [aid to the innocent party by the guilty party

          

  3. 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

          

  4. Expectancy Damages● Amount of money to compensate innocent party for the money the innocent party spent to perform their part of the contract
    ● "Costs"
    ● Labor and Material Costs

          

  5. Unilateral Rescission● Innocent Party should be placed IF POSSIBLE in exactly the same position as if guilty party had performed contract
    ● "Benefit of the Bargain"