The majority of states allow the injured party who has been induced to enter into a contract by fraud to recover only "out-of-pocket" damages equal to the difference between the value of what she has received and the value of what she has given for it.
Correct Answer:
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Q11: Equitable remedies are available any time the
Q13: Courts will usually uphold a liquidated damage
Q14: The basic remedy for misrepresentation is restitution.
Q15: Compensatory damages are intended to protect the
Q17: If Kenneth signs an employment contract for
Q17: Restitution involves a return of consideration or
Q19: If the parties to a contract stipulate
Q21: Even if a party has the power
Q29: If a liquidated damage provision is found
Q38: Costs incurred to acquire a nondelivered performance
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