Which of the following statements is true with respect to the law of damages?
A) Damages are intended to punish the wrongdoer for breaching the contract.
B) Damages are awarded for a breach of a condition but not for a breach of warranty.
C) If a contract contains a liquidated damages clause, the party who has breached the contract has agreed to pay to the party wronged an amount equal to all the loss that directly and naturally flows from the breach.
D) Damages are an order from the court for the breaching party to perform the contract as he or she agreed to do.
E) A deposit may be an amount of money a party to a contract agrees to forfeit if he or she breaches the contract.
Correct Answer:
Verified
Q59: Which of the following is false with
Q60: Where one party refuses to perform his
Q61: Which of the following is true with
Q62: Which of the following is one of
Q63: Which of the following is true with
Q65: In awarding damages for breach of contract
A)
Q66: On the theory that all land is
Q67: Jones entered into a contract to purchase
Q68: Which of the following is true with
Q69: Sam agreed to purchase and Joe agreed
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents