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page131-139

Authored by Steven Honrada

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page131-139
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main remedy for a contract breach?

Nominal damages

Liquidated damages

Specific Performance

Compensatory damages

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does 'Restitution' as a contract remedy mean?

The breaching party's court-ordered performance of a duty

Payment of damages in one form or another

The contract is voided and all parties are relieved of obligations

The non-breaching party is put back in its position before the breach

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the interpretation of a contract?

Legal effect of the words used by the parties

Meaning of the parties

Determination of the meaning of the terms or words used by the parties

Ascertainment of the meaning of the provisions

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is 'Specific Performance' in the context of a contract breach?

Payment of damages in one form or another

The breaching party's court-ordered performance of a duty under the contract

The contract is voided and all parties are relieved of obligations

The non-breaching party is put back in its position before the breach

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the types of contracts classified according to the Time of Fulfillment?

According to the Time of Fulfillment

According to the Subject Matter

According to the Evidence Required for its Proof

According to the Obligation imposed by the Law

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the main remedies for a breach of contract?

Damages, Specific Performance, Cancellation and Restitution

Compensatory damages, Punitive damages, Nominal damages

Specific Performance, Cancellation and Restitution, Compensatory damages

Punitive damages, Nominal damages, Liquidated damages

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the classification of contracts according to the Number of Persons Who Participated in the Drafting of Contract?

According to the Number of Persons Who Participated in the Drafting of Contract

According to the Cause

According to the Parties Obligated

According to the Risk of Fulfillment

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