1. When the party who breaches a contract has behaved maliciously and committed

Question

1. When the party who breaches a contract has behaved maliciously and committed a tort, the court may want to discourage such behavior in the future by imposing what damages besides regular damages?

a. compensatory

b. expectancy

c. liquidated

d. nominal

e. punitive

2. The idea that breach of contract generally only allows recovery for profits and costs incurred due to the breach is called:

a. the compensatory rule

b. the economic loss rule

c. the remedy doctrine

d. contract damages doctrine

3.. An effective offer requires a clear manifestation of intent, definite terms and conditions, and communication of the offer.

a. true

b. false

4. ___________ is quite similar to fraud; it requires a false statement to significantly influence the making of a contract:

a. materiality

b. influence

c. misrepresentation

d. voidable contract

5. Implied contracts arise from:

a. the actions rather than the expressions of the parties

b. the expressions rather than the actions of the parties

c. the intentions rather than the actions of the parties

d. the consequences of the actions of the parties

Explanation / Answer

Ans:

1)   e. punitive

punitive harms are frequently recompensed where compensatory harms are regarded an insufficient cure. The court may force them to forestall under-remuneration of offended parties, to permit change for imperceptible torts and removing some strain from the criminal equity framework

2) b. the economic loss rule

3) a. true

4) a. materiality

Materiality is the limit above which lost or erroneous data in money related proclamations is considered to affect the basic leadership of clients. Materiality is once in a while understood as far as net effect on reported benefits, or the rate or dollar change in a particular detail in the budgetary explanations.

5) b. the expressions rather than the actions of the parties

A suggested contract is an assention made by activities of the gatherings included, however it is not composed or talked. This is an agreement accepted to have been drawn. For this situation, there is no composed record nor any real verbal assention. A type of an inferred contract is a suggested guarantee gave naturally by law.

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