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6 Written questions

6 Multiple choice questions

  1. ● 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
  2. If breach of contract, what can I do about it?
  3. ● 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
  4. ● 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"
  5. Requiring the guilty party to perform contract
  6. ● Inseminate cows
    ● "Stud was a dud"
    ● Court didn't grant consequential damages

5 True/False questions

  1. 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

          

  2. 4 Types of Damages● Compensatory
    ● Expectancy
    ● Consequential
    ● Liquidated

          

  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. 3 Types of Remedies Under Contract Law● Damages
    ● Specific Performance
    ● Unilateral Rescission

          

  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"

          

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