Q1) Which form of damages is intended to give the victim of the breach of contract the "benefit of his bargain"?

1. Compensatory
2. Punitive
3. Nominal
4. Liquidated
5. None of the above

Q2) A person who enters into a contract under duress may:

1. avoid the contract or choose to carry it out.
2. do nothing once he has agreed to pay.
3. recover from his insurer for the cos
4. trecover from the local police for a failure to protect his store.

Q3) A contract provision that is "of the essence" of a contract when breached will:

1. Allow the non-breaching party to avoid making payment of any of the contract price
2. still permit recovery if the contract has been substantially performed
3. Require payment by the other party to the extent of the benefit conferred upon him by the breaching party
4. none of the above

Q4) Ted failed to disaffirm a contract during his minority or within a reasonable time after reaching majority. The contract was automatically:

1. Ratified
2. Rescinded
3. Set aside
4. Made voidable at the option of the minor
5. None of the above

Q5)Which of the following occurs when the promisor indicates before the time for his performance that he is unwilling or unable to carry out the contract

1. Anticipatory repudiation
2. Waiver
3. Estoppel
4. According satisfaction
5. None of the above

Q 6) The residuary clause in a will provides for:

1. The distribution of estate property remaining after estate debts and specific gifts have been paid
2. The distribution of estate real estate
3. The distribution of enumerated "near and dear" property of the testator
4. All of the above
5. None of the above