Exam 13: Breach of Contract and Its Remedies

Where by reason of a breach of contract an innocent party suffers loss

In contract,the material time for measuring damages is

Damages are a common law remedy.What is the purpose of damages,and how do they achieve their purpose?

When there is significant imbalance in the bargaining power of the parties,the stronger party can take an unfair advantage of the weaker one by extracting agreement to unconscionable terms.With respect to exemption clauses,what obligations have been imposed on Internet retailers pursuant to Ontario's consumer protection laws?

An anticipatory breach occurs where a party to a contract fails to perform its obligations under the contract on the date set for performance of the contract.

Which of the following is NOT true?

Chin Chang agreed to buy an antique dresser from Pedro for $2500.He made a down payment of $750 and agreed to return and pick the item up at a later date.However,when he returned,Pedro refused to give him the furniture,saying that he had found a buyer who would pay a higher price.Chin Chang may be entitled to which of the following equitable remedies?

Damages are not available for an anticipatory breach because the time for performance has not arrived.

The doctrine of substantial performance says that there will be rescission if each party does not substantially perform its obligations under the contract.