Chapter 20 Quiz - Ch 20 Breach of Contract and remedies A...

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Ch. 20 – Breach of Contract and remedies A party who does not perform his contractual duties discharges the contract. False A party who does not perform breaches, not discharges, the contract. In a breach of contract action, damages are only designed to restore lost profits. False Damages are designed to make the innocent party "whole," i.e., to place the injured party in the same position she would have attained if the breaching party had performed. A remedy for specific performance asks a court to order a party to comply with the contractual provisions. True A plaintiff who seeks the remedy of specific performance wants the other party to carry out the terms of the contract and not pay damages. Consequential damages are losses that naturally flow from a breach of contract. False Direct damages are losses that naturally flow from a breach. Consequential damages do not naturally flow from the breach but happen to do so in a particular case based on the injured party's particular circumstances.
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