Business Law Chapter 20 2  the obligation to use reasonable efforts to minimize damage resulting

subject Type Homework Help
subject Pages 11
subject Words 1087
subject Authors Carrie Williamson, Daniel Herron, Linda Barkacs, Lucien Dhooge, M. Neil Browne, Nancy Kubasek

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page-pf1
28.
(p. 455)
A _____ occurs whenever a party fails to perform his or her obligations under the
contract.
page-pf2
29.
(p. 455)
A[n] _____ discharges the nonbreaching party from his or her obligations under the
contract.
page-pf3
30.
(p. 455)
Which of the following occurs when a party unjustifiably fails to substantially perform his
or her obligations under the contract?
page-pf4
31.
(p. 456)
Which of the following occurs when a contracting party refuses to complete the contract
before the actual time of performance?
page-pf5
32.
(p. 457)
Which of the following occurs when parties agree that they simply wish to discharge each
other from their mutual obligations and therefore rescind or cancel the contract?
page-pf6
33.
(p. 457)
Which of the following occurs when, instead of canceling a contract, the parties
substitute a new agreement in place of the original?
page-pf7
34.
(p. 458)
Which of the following is used when, by agreement one of the parties substitutes a
different performance for his or her original duty under the contract?
page-pf8
35.
(p. 458)
Which of the following occurs when the parties to the agreement wish to replace one of
the parties with a third party?
page-pf9
36.
(p. 458)
Which of the following is not a way in which a contract may be discharged by operation of
law?
page-pfa
37.
(p. 459)
Which of the following is used as a basis for discharge by operation of law when
performance is still objectively possible but would be extraordinarily injurious or expensive to one
party?
page-pfb
38.
(p. 461)
Which of the following doctrines arose from cases in England in which parties who had
contracted for rooms along a parade route for a king's coronation, received their money back
when the coronation was canceled because the king became ill?
39.
(p. 463)
Monetary damages are also referred to as ______ damages.
page-pfc
40.
(p. 463)
Which of the following damages are designed to put the plaintiff in the position he or she
would have been in had the contract been fully performed?
page-pfd
41.
(p. 465)
Which of the following are foreseeable damages within the contemplation of the parties
at the time the contract was made, and that result from special facts and circumstances arising
outside the contract itself?
page-pfe
42.
(p. 466)
Which of the following types of damages are designed to punish the defendant and deter
him and others from engaging in similar behavior in the future?
page-pff
43.
(p. 466)
When no actual damages result from the breach of a contract, the court may award the
plaintiff ______ damages.
page-pf10
44.
(p. 467)
Under which of the following type of damages do the parties specify in advance the
damages if there is a particular kind of breach?
page-pf11
45.
(p. 467)
The obligation to use reasonable efforts to minimize damage resulting from a breach is
referred as the duty to ______ one's damages.

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