I. On April 1, Mike, a rap star, contacted Sam, for the purpose of leasing Sam's house to be used as a recording studio. Sam showed Mike the house. Statement #1: Mike told Sam that he needed the house for a recording studio. Statement #2: Sam told Mike that the electrical system was adequate to support a recording studio. Statement #3: Mike said that he would lease the house for six months on June 1 for $150,000. Statement #4: Sam said $250,000. Statement #5: Mike said $200,000. Statement #6: Sam said OK. ANSWER QUESTIONS 31 THRU 77 BASED UPON THE FOLLOWING FACTS II. On April 1, Owner made a contract with a contractor, an electrical contractor, to do electrical work on Owner's hotel for $1 million. A clause in the contract stated that for each day that the work was not completed, Contractor would be liable for $10,000.00 per day. The contract provided that the work be done by June 1. QUESTION 31 Owner's compensatory damages will always be $1 million. True False QUESTION 32 Owner must prove his compensatory damages beyond a reasonable doubt. True False QUESTION 33 Owner will always have compensatory damages. True False QUESTION 34 The judge is permitted set aside a jury verdict of compensatory damages if the verdict is supported by a preponderance of the evidence. True False QUESTION 35 Owner will be able to collect consequential damages as a punishment to contractor. True False