Q. If a party is entitled to damages for breach of contract, what type of damages are intended to put the injured party in the position they would have been in had the contract been performed?
A.
Consequential damages
B.
Punitive damages
C.
Compensatory damages
D.
Nominal damages
Solution
Compensatory damages are intended to put the injured party in the position they would have been in had the contract been performed.
Q. If a party to a contract performs their obligations but does so in a manner that is not consistent with the contract terms, what type of breach is this?
A.
Minor breach
B.
Material breach
C.
Partial breach
D.
No breach
Solution
This is considered a minor breach, as the party has performed but not in accordance with the contract terms.
Q. In a case where a contractor fails to complete a project by the deadline specified in the contract, what type of breach has occurred?
A.
Minor breach
B.
Material breach
C.
Anticipatory breach
D.
No breach
Solution
A material breach occurs when the failure to perform goes to the essence of the contract, which is the case when a contractor fails to complete a project by the deadline.
Q. In a contract for the sale of land, if the seller refuses to transfer the title after the buyer has fulfilled all conditions, what remedy is the buyer entitled to?
A.
Rescission
B.
Specific performance
C.
Compensatory damages
D.
Punitive damages
Solution
The buyer is entitled to specific performance, which compels the seller to fulfill their contractual obligation to transfer the title.
