Question 1

Damages are a common law remedy,whereas specific performance and injunction are equitable remedies.How do common law remedies and equitable remedies differ?

Accepted Answer

Common law remedies and equitable remedi

Question 2

When a person fails to perform their obligations under a contract,why is it that they are not liable to compensate the innocent party for all of the loss and damage arising as a result of their breach?

Accepted Answer

There are several reasons why a person m

Question 3

Which of the following statements is the best description of 'ordinary' damages?

Accepted Answer

A) An amount awarded where the innocent party's rights have been infringed but they have suffered no actual loss. 
B) An amount awarded to compensate the innocent party for the loss suffered as a result of the breach of contract. 
C) An amount awarded to punish the party in breach of the contract. 
D) An amount based upon a genuine pre-estimate of actual loss flowing from the breach of contract. 
A) An amount awarded where the innocent party's rights have been infringed but they have suffered no actual loss. 
B) An amount awarded to compensate the innocent party for the loss suffered as a result of the breach of contract. 
C) An amount awarded to punish the party in breach of the contract. 
D) An amount based upon a genuine pre-estimate of actual loss flowing from the breach of contract.

Question 4

When a party is injured due to a breach of contract,the party should first seek to recover nominal damages.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following remedies is NOT an equitable remedy?

Accepted Answer

A) Injunction. 
B) Exemplary damages. 
C) Specific performance. 
D) An Anton Pillar order. 
A) Injunction. 
B) Exemplary damages. 
C) Specific performance. 
D) An Anton Pillar order.

Damages are a common law remedy,whereas specific performance and injunction are equitable remedies.How do common law remedies and equitable remedies differ?

When a person fails to perform their obligations under a contract,why is it that they are not liable to compensate the innocent party for all of the loss and damage arising as a result of their breach?

Which of the following statements is the best description of 'ordinary' damages?

When a party is injured due to a breach of contract,the party should first seek to recover nominal damages.

Which of the following remedies is NOT an equitable remedy?

Legal Foundations

Legal Systems

How Law Is Made: Precedentstatute Law

Civil Liability: the Law of Torts and Negligence

Applications of Negligence to Business

Introduction to Contracts

Agreement Between the Parties

Intention to Create Legal Relations

Consideration

Capacity of the Parties

Genuine Consent

Is the Contract Legal

Terms of the Contract

Rights and Liabilities of the Parties,discharge and Remedies

Statutory Consumer Guarantees and the Australian Consumer Law

General and Specific Consumer Protections Under the Acl

Introduction to Companies and Incorporated Associations

Agency

Partnerships

Choosing a Business Entity

Other Business-Related Torts

Insurance

Sale of Goodsbusiness to Business

Property and Mortgages

Intellectual Property

Ethics and Business Practice

Criminal Law in a Business Context

Competition Law

Insolvency and Debt Recovery

The Work Environment and the Employment Relationship

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Exam 15: Remedies in Contract

Damages are a common law remedy,whereas specific performance and injunction are equitable remedies.How do common law remedies and equitable remedies differ?

When a person fails to perform their obligations under a contract,why is it that they are not liable to compensate the innocent party for all of the loss and damage arising as a result of their breach?

Which of the following statements is the best description of 'ordinary' damages?

When a party is injured due to a breach of contract,the party should first seek to recover nominal damages.

Which of the following remedies is NOT an equitable remedy?

Legal Foundations

Legal Systems

How Law Is Made: Precedentstatute Law

Civil Liability: the Law of Torts and Negligence

Applications of Negligence to Business

Introduction to Contracts

Agreement Between the Parties

Intention to Create Legal Relations

Consideration

Capacity of the Parties

Genuine Consent

Is the Contract Legal

Terms of the Contract

Rights and Liabilities of the Parties,discharge and Remedies

Statutory Consumer Guarantees and the Australian Consumer Law

General and Specific Consumer Protections Under the Acl

Introduction to Companies and Incorporated Associations

Agency

Partnerships

Choosing a Business Entity

Other Business-Related Torts

Insurance

Sale of Goodsbusiness to Business

Property and Mortgages

Intellectual Property

Ethics and Business Practice

Criminal Law in a Business Context

Competition Law

Insolvency and Debt Recovery

The Work Environment and the Employment Relationship

Filters