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Question 11 When there is a breach of a contract and damages, the difference between the value of the contract as it had been promised
Question 11
When there is a breach of a contract and damages, the difference between the value of the contract as it had been promised and the value of the performance which wasactually given is a measurement of: |
Question 11 options:
a)the direct damages. | |
b)the consequential damages. | |
c)the nominal damages. | |
d)the liquidated damages. | |
e)compensatory damages. |
Question 12
The duty to mitigate damages requires that a party injured by a breach of contract must: |
Question 12 options:
a)take any and all steps possible to reduce the damages that will be sustained as a result of the breach. | |
b)discharge the contract before filing suit for breach. | |
c)take reasonable steps to reduce the damages that will be sustained as a result of the breach. | |
d) take no action to reduce the damages that will be sustained as a result of the breach. |
Question 13
If a plaintiff seeking damages from a breach-of-contract action were to receive $1 in damages, the damages would most likely be classified as: |
Question 13 options:
a) punitive damages. | |
b) exemplary damages. | |
c) nominal damages. | |
d) compensatory damages. |
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