> Question 6 0.5 pts 6. When speaking about remedies in contracts, what are the four "interests" the courts consider in
Posted: Wed May 04, 2022 8:24 am
> Question 6 0.5 pts 6. When speaking about remedies in contracts, what are the four "interests" the courts consider in protecting the rights of the parties when there is a breach of contract? A. Expectation, Reliance, Remuneration, Breach B. Expectation, Restitution, Breach, Gain C. Expectation, Reliance, Restitution, Gain D. Expectation, Reliance, Restitution, Equity
0.5 pts Question 7 7. True or False. The expectation interest is the least common remedy that the law provides for a party injured by a breach of contract. The expectation interest is designed to put the injured party in the position she would have been in had one side fully performed their obligations. True False
Question 8 8. Which of the following statements are true about direct and consequential damages? A. Direct damages are compensatory, and represent a monetary value to rectify the harm that flowed from the breach itself. B. Consequential damages are special and unique to the situation, and represent a monetary value to rectify the harm that flowed from the breach itself. C. Direct damages are special and unique to the situation, and represent a monetary value to rectify the harm that flowed from the breach itself. D. Consequential damages (also known as special damages) represent harm caused by the injured party's unique situation. E. A and D are correct. 0.5 pts
> 0.5 pts Question 9 9. True or False. The reliance interest is designed to put an injured party in the position he would have been in had the parties never entered into a contract. This remedy focuses on the time and money the injured party spent performing his part of the agreement. True False
Question 10 0.5 pts 10. True or False. To make a case for Promissory Estoppel, the plaintiff must show that the defendant (1) made a promise; (2) made a promise knowing that the plaintiff would likely rely on it; (3) the plaintiff did rely, and (4) the only way to avoid injustice is to enforce the promise. True False
0.5 pts Question 7 7. True or False. The expectation interest is the least common remedy that the law provides for a party injured by a breach of contract. The expectation interest is designed to put the injured party in the position she would have been in had one side fully performed their obligations. True False
Question 8 8. Which of the following statements are true about direct and consequential damages? A. Direct damages are compensatory, and represent a monetary value to rectify the harm that flowed from the breach itself. B. Consequential damages are special and unique to the situation, and represent a monetary value to rectify the harm that flowed from the breach itself. C. Direct damages are special and unique to the situation, and represent a monetary value to rectify the harm that flowed from the breach itself. D. Consequential damages (also known as special damages) represent harm caused by the injured party's unique situation. E. A and D are correct. 0.5 pts
> 0.5 pts Question 9 9. True or False. The reliance interest is designed to put an injured party in the position he would have been in had the parties never entered into a contract. This remedy focuses on the time and money the injured party spent performing his part of the agreement. True False
Question 10 0.5 pts 10. True or False. To make a case for Promissory Estoppel, the plaintiff must show that the defendant (1) made a promise; (2) made a promise knowing that the plaintiff would likely rely on it; (3) the plaintiff did rely, and (4) the only way to avoid injustice is to enforce the promise. True False