Exam 16: Remedies for Breach of Traditional and E-Contracts

Poole Contractors makes a contract with Delta Resources to pay $50,000 for the supply of 500 truckloads of sand within a week.Delta Resources delivers the sand two days after the contract was made,and Poole Contractors pays it $50,000 promised in the contract.This is an instance of ________.

Nett Labs orders 30 desktop computers from iDeal,a local computer dealer.Nett Labs requires that each computer has a 2.6 GHz processor,500 GB hard disk,and Windows operating system.iDeal supplies 30 desktop computers,each with a 2 GHz processor,500 GB hard disk,and Windows operating system.Which of the following terms hold true for iDeal's performance?

Kinlin,a furniture retailer,has a contract with William,a carpenter.The agreement states that William must deliver five tables and that Kinlin would pay $2,000 per table.However,William manages to deliver only four tables and Kinlin needs to buy the fifth table from another supplier for $3,000.How much money can Kinlin recover from William?

When does a minor breach occur?

Which of the following hold true in a case of liquidated damages?

Consequential damages arise from circumstances outside a contract.

Which of the following is used in case of a breach of contract that cannot be adequately compensated through a legal remedy?

To obtain an injunction,the requesting party must show that he or she will suffer irreparable injury if the injunction is not issued.

The recovery for breach of contract is usually limited to contract damages.

Disclaimer of consequential damages is unlawful in most instances.

Intentional interference with contractual relations arises when a third party induces a contracting party to breach the contract with another party.

As a part of downsizing,Richmond and Sons fired an employee before his employment contract lapsed.Is the employee obliged to mitigate damages? Explain.

An injunction is an equitable doctrine that permits the court to rewrite a contract to express the parties' true intentions.

When there is substantial performance of a contract,the nonbreaching party may sue to recover the cost to repair the defect.

If an employer breaches an employment contract,the employee owes a duty to mitigate damages by trying to find substitute employment.

Specific performance is not awarded in contracts for the sale of land.

Minor breach occurs when a party renders substantial performance of his or her contractual duties.

Anticipatory repudiation occurs when one contracting party informs the other that he or she will not perform his or her contractual duties when due.

Specific performance is awarded if the subject matter of the contract is unique.

Distinguish minor breach from material breach.