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6 Written questions

6 Multiple choice questions

  1. ● Require guilty party not to do what guilty party agreed no to do in contract
    ● Injunction or Restraining Order
    ● Covenants not to perform
    ● Employee contracts - "The Sopranos"
  2. ● Damages
    ● Specific Performance
    ● Unilateral Rescission
  3. ● Previously agreed damage amount
    ● In lieu of consequential damages, and maybe compensatory and expectancy above
    ● Why? - because people are risk averse
  4. Money [aid to the innocent party by the guilty party
  5. ● 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
  6. If breach of contract, what can I do about it?

5 True/False questions

  1. Expectancy Damages● Money the innocent party expected to receive and keep if contract was fully performed
    ● "Profit"
    ● If performance isn't 100%, then these damages can't be greater than if performed completely and received damages

          

  2. Hairy Hand CaseMoney [aid to the innocent party by the guilty party

          

  3. General Remedy Rule● Innocent Party should be placed IF POSSIBLE in exactly the same position as if guilty party had performed contract
    ● "Benefit of the Bargain"

          

  4. Specific Performance● Make the guilty party perform the contract
    ● When money damages are inadequate because subject matter in unique (land, jewelry, racehorses)
    ● Positive & Negative

          

  5. Compensatory 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