Question 8 0 out of 1 points carswell a contractor

Question 1

Question 80 out of 1 pointsCarswell, a contractor, enters into a contract with Helen, a homeowner, to remodel her bathroom. The contract provides a specific completion date. The contract provides that if Carswell does not have the job finished by the date, Helen may deduct $200 per day from the contract price until thejob is finished. This is an example of liquidated damages.

Question 2

Question 91 out of 1 pointsCosts to store a vehicle for a short period of time after an auto dealer fails to complete the contract to purchase the vehicle would be:

Question 3

Question 101 out of 1 pointsDana hires Paris to paint a portrait of her poodle, "Mack." The painting is to be done to Dana's personal satisfaction. Upon completion of the painting, which of the following will be true?

Question 4

 Question 110 out of 1 pointsErnest operates an ice cream stand during the months of May, June, July, and August. Ernest's ice cream machine is broken and needs a new part torun. He contracts to have the part shipped to him by special carrier. Ernestemphasizes that the part needs to be delivered by April 25 and the carrier agrees, knowing that Ernest intends to open his stand May 1. If the shipper fails to deliver the part on April 25, Ernest will be able to recover consequential damages caused by the delay.

Question 5

 Question 12

Question 6

Expectation interest can best be described as money spent in reliance upon the agreement.

Question 7

Question 131 out of 1 pointsFarmer Elvin is holding 200 pounds of potatoes in storage for Chef Noble but Chef Noble has breached the contract by failing to pay for the potatoes. The potatoes are beginning to rot. If Farmer Elvin sells the potatoes to a local diner to make potato soup and salad, then this action would be considered:

Question 8

 Question 14

Question 9

Generally, reasonable liquidated damage clauses will be enforced:

Question 10

Question 150 out of 1 pointsHarry agreed to pay $100 to rent a rooftop spot in downtown Seattle to watch the New Year's Eve festivities. The festivities were unexpectedly cancelled because of concern over a terrorist attack. Harry is: