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Authored by Steven Honrada
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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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