Exam 10: Contract Performance,breach,and Remedies

Dylan enters into a contract to manage the operations of Cash's accounting office for one year,renewable for subsequent one-year terms.If this contract is discharged like most contracts,it will be

Rig Heli-Pads,Inc. ,enters into a contract to employ Scott as an on-site project manager for two years.If Rig breaches the contract,Scott has a duty to

Building Restoration,Inc.(BRI),enters into a contract to refurbish an old train depot for Casual Dining,Inc. ,to open as Eat Up Restaurant.If BRI completes most of the work promised in the contract,its performance will be

Complete performance occurs when conditions in a contract are fully satisfied.

Quicksilver Delivery Service contracts to deliver Pete's Pizza Parlor's products to its customers for $5,000,payable in advance.Pete's pays the money,but Quicksilver fails to perform.Can Pete's rescind the contract? Can Pete's also obtain restitution? What does it mean to "rescind" a contract ?How is a contract rescinded What is restitution ?How is restitution accomplished ?Explain.

The measurement of compensatory damages for breach of contract is the same for all types of contracts.

Fact Pattern Bell Medical Education Service enters into a contract to employ Chris as an instructor for two years to begin May 1.One month before the term begins,Bell is underbid by a competitor and loses a major client,Delta Hospital Center.Bell now refuses to hire Chris. -Refer to Fact Pattern 10-B2.Under the circumstances,with respect to damages,Chris can

Consequential damages are foreseeable damages that arise from a party's breach of a contract.

Lava Excavators,Inc. ,needs a drill to continue its operations and orders one for $3,000 from Mining Supplies Company.Lava tells Mining that it must receive the drill by Tuesday or it will lose $10,000.Mining ships the drill late.Lava can recover

A contract for a sale of land from Evergreen Properties,Inc. ,to Longlife Investment Corporation contains an erroneous legal description.The most appropriate remedy for these parties is

3D FX,LLC,and Vivid Star CG,Inc. ,are parties to a contract.They subsequently agree that Pixellated Inc.should take 3D's place and assume all of its rights and duties under the contract.This is

Red's Plumbing Service substantially performs its contract with Shady Grove Condominiums,Inc.Shady Grove is entitled to

Ralph contracts to sell his Double-R Ranch to Samantha on May 1.On April 20,Ralph tells Samantha that he will not go through with the deal.Samantha can recover

Tristan hires Stefani to perform at Tristan's Club,but she breaches the agreement to accept a higher-paying job at Rock Star Arena.Tristan files a suit against her.The court will most likely

Whether a contract's limitation-of-liability clause will be enforced depends on the type of breach that the clause excuses.

Drew contracts to sell a house to Evan.The contract provides that if Drew does not close the deal by February 10,he must pay Evan one-half of the contract price.This provision is not enforceable because it is

Liquidated damages provisions are usually not enforceable.

Performance can be accomplished by tender.

Straitedge Toolmakers,Inc. ,contracts to sell its assets to Trulevel Hardware Corporation.Before either party has performed,rescission of this contract requires

In most contracts,promises of performance are expressly qualified.