The standard measure of damages:

Question 1 options:

a)	is the basic measure of damages for all non-breaching parties.

b)	doesn't work for non-breaching service providers.

c)	doesn't work for non-breaching lost volume sellers.

d)

B and C.

Question 2 (1 point)

Lost profits represent:

Question 2 options:

a)	the total contract price that should have been paid.

b)	the total contract price minus the cost of performance.

c)	the benefit of the bargain for the non-breaching party.

d)

B and C.

Question 3 (1 point)

Cost of performance includes:

Question 3 options:

a)	cost of goods sold.

b)	cost of services provided.

c)

A and B.

d)	Neither A nor B.

Question 4 (1 point)

With contracts for services, lost profits are the total contract price:

Question 4 options:

a)	minus the cost of providing services.

b)	minus the cost of providing services, which may include the cost of goods used in providing the performance.

c)	minus the cost of goods sold.

d)	minus the cost of goods sold, which may include the cost of services related to the goods sold.

Question 5 (1 point)

With lost volume profits, lost profits are the total contract price:

Question 5 options:

a)	minus the cost of providing services.

b)	minus the cost of providing services, which may include the cost of goods used in providing the performance.

c)	minus the cost of goods sold.

d)	minus the cost of goods sold, which may include the cost of services related to the goods sold.