Exam 18: Breach of Contract and Remedies

Pam contracts to buy a Quotient-brand computer set-up from Regal Systems for $5,000, but Regal fails to deliver. Pam buys the computer else?where for $6,500. Pam's measure of damages is

(Multiple Choice)

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Question 81

To rescind a contract, each party essentially advances to the position he or she would have been in if the contract had been fully executed.

(True/False)

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Question 82

Damages are designed to punish a breaching party and deter others from similar conduct.

(True/False)

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Question 83

The measure of damages on a breach of contract is the amount that will impress on the breaching party the harm that has been done.

(True/False)

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Question 84

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Exam 18: Breach of Contract and Remedies

Pam contracts to buy a Quotient-brand computer set-up from Regal Systems for $5,000, but Regal fails to deliver. Pam buys the computer else?where for $6,500. Pam's measure of damages is

To rescind a contract, each party essentially advances to the position he or she would have been in if the contract had been fully executed.

Damages are designed to punish a breaching party and deter others from similar conduct.

The measure of damages on a breach of contract is the amount that will impress on the breaching party the harm that has been done.

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