1) ___ is the price sought by the ___ for his promise and the price sought by th

Question

1) ___ is the price sought by the ___ for his promise and the price sought by the ___ for his or her ___ or performance.

2) An acceptance is the ____ showing/demonstration of agreement to the terms of the offer.

3) An ____ os a contract to pay a stated amount to dischange a prior obligation that is uncertain concerning a its existance or b amount.

4) A ___ is the relief the plaintiff seeks, and obtains if he/she proves his/her cause of action

5) Protecting the non-breaching partys ___ interest will place that part in the position he/she was in before conferring the benfit on the breaching party.

6) Protecting the non-breaching partys _____ interest places the non-breaching party returns the non-breaching party to the posisiton he or she would have been in had the contract been fully performed by both parties.

Explanation / Answer

1) consideration, promisor, promisee, obligation 2) expression of assent 3) Amount 4)Legal right 5) expectation Protecting the nonbreaching party’s expectation interest places the nonbreaching party in the position he or she would have been in had the contract been fully performed by both the breaching and nonbreaching parties. 6) expectation

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