Which of the following is a category of contract cancellation a Cancellation

Which of the following is a category of contract

  • Tanta University
  • MGT 01
  • Notes
  • ProfLightningPheasant9024
  • 16
  • 97% (104) 101 out of 104 people found this document helpful

This preview shows page 9 - 11 out of 16 pages.

11. Which of the following is a category of contract cancellation?a.Cancellation for default.b.Cancellation for convenience of the purchaser.c.Cancellation by mutual assent.d.All of the above. (p. 549)e.None of the above.12. _____ can be defined as failure of one of the parties to live up to the terms and conditions of the contract.13. A/An _____ provision stipulates the mechanism to be used in determining any costs and damages to the injured party in the event of a breach of contract.14. _____ is money the plaintiff actually paid to the defendant in connection with the contract.15. _____ is money the plaintiff lost because he or she was relying on the contract, depending on the defendant to live up to his/her obligations under the contract.a.Expectancyb.Restitutionc.Due diligenced.Mutual assente.Reliance (p. 551)This edition is intended for use outside of the U.S. only, with content that may be different from the U.S. Edition. This may not be resold, copied, or distributed without the prior consent of the publisher.
Background image
16. _____ is money the plaintiff was hoping to gain from the contract.17. _____ are equal to the difference between the value of the purchased goods at the time of delivery against the goods’ value at the time of specified delivery.18. _____ include expenses reasonably incurred in inspection, receipt, transportation, and the care and custody of goods appropriately rejected by the purchaser.19. _____ are those expenses incurred by the purchaser because the goods were not delivered when expected or as specified.a.Incidental damagesb.General damagesc.Consequential damages (p. 552)d.Specific damagese.None of the above.20. After the point of acceptance, the supplier’s rights _____ and the purchaser’s rights _____.
Background image
Image of page 11

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture