Which type of damages are awarded when the non-breaching party sues the breaching party, even though the breach did not result in financial loss?

• Compensatory
• Consequential
• Nominal
• Judicial
• Punitive

The one-year-rule requires that ________.

• Any contract that lasts longer than a year must be valued for at least $1,000 to be valid
• A contract that cannot be performed within a year must be in writing
• If either party changes their mind about a contract, the terms can be changed if
• Neither party can rescind a contract for one year after it is agreed to
• Every contract must be reviewed and authorized each year

Which type of damages are designed to punish someone for breaching a contract and are usually only available in fraud or bad faith cases?

• Nominal
• Punitive
• Consequential
• Triple
• Compensatory

Non-contract interest rates in excess of 10 percent are illegal in Utah. If someone were to charge more, they would be guilty of ________.

• Duress
• Bad credit
• Usury
• Undue influence
• Bad faith