Exam 13: Breach and Remedies

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SealCoat Paving enters into a contract with Royal Golf & Tennis Club to provide surface material for Royal's tennis courts by April 1 for a tournament to begin May 1.The contract specifies an amount to be paid if the contract is breached.This is a liquidated damages clause if the amount is

(Multiple Choice)

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(80)

Question 61

A liquidated damages provision specifies that a certain amount to be paid in the event of a future default or breach of contract.

(True/False)

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Question 62

Dondi contracts to buy a custom espresso maker from Caffee Specialties,Inc.,for $4,500,but Caffee fails to deliver.Dondi buys the appliance else-where for $5,500.Dondi's measure of damages is

(Multiple Choice)

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Question 63

Rite Contractors,Inc.,agrees to build a motel for Sleep Inn Corporation.The project proceeds according to plan,but before it is done,Sleep tells Rite to quit.Rite may recover

(Multiple Choice)

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(75)

Question 64

Punitive damages are recoverable in contract law for an intentional breach of contract.

(True/False)

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Question 65

Tristan hires Stefani to perform at Tristan's Club,but she breaches the agreement to accept a higher-paying job at Rock Star Arena.Tristan files a suit against her.The court will most likely

(Multiple Choice)

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Question 66

Beachside Pools,Inc.,agrees to build a swimming pool for Candy,but fails to build it according to the contract specifications.Candy hires Do-We Fix-It Company to finish the project.Candy may recover from Beachside

(Multiple Choice)

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Question 67

Expenses that are caused directly by a breach of contract-such as those in-curred to obtain performance from another source-are compensatory dam-ages.

(True/False)

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Question 68

Specific performance is an equitable remedy requiring exactly the performance that was specified in a contract.

(True/False)

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Question 69

Pure Oil Company enters into a contract with QuikBilt,Inc.,to construct an oil pipeline to withstand specific conditions.If QuikBilt fails to meet this standard,which is construed as a breach of contract and a breach of a duty of care,Pure might be awarded punitive damages to

(Multiple Choice)

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(79)

Question 70

Sonny agrees to buy a unique collection of Olympics memorabilia for $7,000 from Jana and sends $1,500 as a down payment.When Sonny sends Jana the rest of the price,she refuses to ship the collection.Sonny should seek

(Multiple Choice)

4.8/5

(80)

Question 71

A penalty provision specifies a certain amount to be paid in the event of a default or breach of contract.

(True/False)

5.0/5

(77)

Question 72

Showing 61 - 72 of 72

Exam 13: Breach and Remedies

SealCoat Paving enters into a contract with Royal Golf & Tennis Club to provide surface material for Royal's tennis courts by April 1 for a tournament to begin May 1.The contract specifies an amount to be paid if the contract is breached.This is a liquidated damages clause if the amount is

A liquidated damages provision specifies that a certain amount to be paid in the event of a future default or breach of contract.

Dondi contracts to buy a custom espresso maker from Caffee Specialties,Inc.,for $4,500,but Caffee fails to deliver.Dondi buys the appliance else-where for $5,500.Dondi's measure of damages is

Rite Contractors,Inc.,agrees to build a motel for Sleep Inn Corporation.The project proceeds according to plan,but before it is done,Sleep tells Rite to quit.Rite may recover

Punitive damages are recoverable in contract law for an intentional breach of contract.

Tristan hires Stefani to perform at Tristan's Club,but she breaches the agreement to accept a higher-paying job at Rock Star Arena.Tristan files a suit against her.The court will most likely

Beachside Pools,Inc.,agrees to build a swimming pool for Candy,but fails to build it according to the contract specifications.Candy hires Do-We Fix-It Company to finish the project.Candy may recover from Beachside

Expenses that are caused directly by a breach of contract-such as those in-curred to obtain performance from another source-are compensatory dam-ages.

Specific performance is an equitable remedy requiring exactly the performance that was specified in a contract.

Pure Oil Company enters into a contract with QuikBilt,Inc.,to construct an oil pipeline to withstand specific conditions.If QuikBilt fails to meet this standard,which is construed as a breach of contract and a breach of a duty of care,Pure might be awarded punitive damages to

Sonny agrees to buy a unique collection of Olympics memorabilia for $7,000 from Jana and sends $1,500 as a down payment.When Sonny sends Jana the rest of the price,she refuses to ship the collection.Sonny should seek

A penalty provision specifies a certain amount to be paid in the event of a default or breach of contract.

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