Ch18-TB1-WBL-10e

Ch18-TB1-WBL-10e - Chapter18 N.B:,modified,orunchanged,as...

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Chapter 18 Breach of Contract and Remedies N.B.:   TYPE  indicates that a question is new, modified, or unchanged, as  follows. N A question  new  to this edition of the Test Bank. + A question  modified  from the previous edition of the Test Bank, = A question  included  in the previous edition of the Test Bank. TRUE/FALSE QUESTIONS 1. Remedies that an innocent party can seek on the breach of a contract in- clude rescission. ANSWER: T PAGE: 341 TYPE: + 2. Damages are designed to compensate a nonbreaching party for the loss of  the bargain. ANSWER: T PAGE: 341 TYPE: = 3. A remedy is the means employed to enforce a right or to redress an injury. ANSWER: T PAGE: 341 TYPE: N 4. The four broad types of damages in contract law are compensatory, con- sequential, punitive, and actual damages. ANSWER: F PAGE: 341 TYPE: = 173
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174 TEST BANK 1: UNIT THREE: CONTRACTS AND E-CONTRACTS 5. Compensatory damages are foreseeable damages that arise from a party’s  breach of a contract. ANSWER: F PAGE: 341 TYPE: N 6. Compensatory damages compensate the nonbreaching party for injuries or  damages sustained by that party. ANSWER: T PAGE: 341 TYPE: = 7. A party seeking to recover compensatory damages may also be entitled to  recover incidental damages. ANSWER: T PAGE: 341 TYPE: = 8. The measure of damages for breach of a construction contract depends on  which party breaches and when. ANSWER: T PAGE: 342 TYPE: = 9. In a contract involving the sale of land, money damages is always the most  appropriate remedy to seek when the seller has breached the agreement. ANSWER: F PAGE: 342 TYPE: = 10. Consequential   damages   are  awarded   to   cover   all   of   the  remote  conse- quences of whatever injury a nonbreaching party suffers. ANSWER: F PAGE: 343 TYPE: + 11. A person’s actions may cause a breach of contract or a tort, but not both. ANSWER: F PAGE: 344 TYPE: = 12. Punitive damages are  never  awarded in breach of contract actions. ANSWER: F PAGE: 344 TYPE: + 13. On an employer’s breach of an employment contract, the measure of the  employee’s damages is his or her salary with no adjustments. ANSWER: F PAGE: 345 TYPE: =
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CHAPTER 18: BREACH OF CONTRACT AND REMEDIES 175 14. The duty owed under the mitigation of damages doctrine depends on the  situation. ANSWER: T PAGE: 345 TYPE: = 15. Liquidated damages are damages that are certain in amount. ANSWER: F PAGE: 345 TYPE: +
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176 TEST BANK 1: UNIT THREE: CONTRACTS AND E-CONTRACTS 16. A breach of contract may entitle the  innocent  party to rescind the contract. ANSWER:
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Ch18-TB1-WBL-10e - Chapter18 N.B:,modified,orunchanged,as...

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