\fQUESTION 1 An anticipatory repudiation is treated as a material breach because . Q The nonspreaching party should not be required to remain readyI and willing to perform when the other party has already.r repudiated the contract 0 The nonpreaching party should have the opportunity to seek a simrlar contract elsewhere 0 Beth A and B O NeitherA or E QUESTION 2 An Equitable Remedy that essentially undoes or terminaoesa oontract and returns the parties to the position they occupied prior no the oansacu'on is called 9 Rescission and Restitution 0 Specic Perfdnnance O Reformation 0 None dithe above QUESTION 3 A discharge of a contact that occurs when the parties agree to accept performance that is dr'erent from the performance originally promised is called a 9 Discharge by accord and satisfaction 0 Discharge by mutual rescission 0 Discharge by novation 0 Discharge by settlement agreement QUESTION 4 "Under contract law, which type of damages are intended to cover indirect and foreseeable losses?" 0 Compensatory Damages O Consequential Damages O Punitive Damages 0 Nominal Damages QUESTION 5 "lfd'le Owner ofa construction project breaches its agreement with Cono'actor after the project has been completed. Contractor 5 Measure of Damages shall be:' 0 Contractors anticipated prots (total contract price less anticipated costs} 0 Contractors anticipated prots plus the construction costs incurred 9 Full contract price plus interest 0 Contractors actual cost plus 15%