A building company signs a contract to construct a ski lodge on land owned by a travel company. The contract contains a term which specifies a date for completion of the ski lodge (before the next ski season) and says that if it is not completed by that date the builder will pay $5,000 to the travel company for every week that completion is delayed beyond the specified completion date, to compensate the travel company for lost revenue. This is an example of:

A quantum meruit

B liquidated damages

C unliquidated damages

D exemplary damages

4 A court has found a person liable to pay you $3,800 following a road accident.He has not paid. He has a part-time job at Hungry Jacks and receives a disability pension from the government. Which of the following sources could you use a garnishee order against to obtain your money from the other person?

A his fortnightly salary ($540) at Hungry Jacks

B the Federal Government, which pays his disability pension of $320 per fortnight

C his father, who gives him $1,000 per month to help pay his rent

D A and C

In cases of anticipatory breach of contract the party suffering loss

A should seek an order for specific performance from a court

B can seek rectification by a court

C has a duty to mitigate

D would always have a right to liquidated damages