Questions from Business Law

Q: What are compensatory damages? What is the standard measure of compensatory

What are compensatory damages? What is the standard measure of compensatory damages?

Q: What are consequential damages?

What are consequential damages?

Q: What are punitive damages?

What are punitive damages?

Q: When is a party’s reliance on another’s misrepresentation not justifiable?

When is a party’s reliance on another’s misrepresentation not justifiable?

Q: What is the difference between a liquidated damages provision and a penalty

What is the difference between a liquidated damages provision and a penalty provision in a contract?

Q: Discuss rescission and restitution.

Discuss rescission and restitution.

Q: Will specific performance be granted on a breach of contract for personal

Will specific performance be granted on a breach of contract for personal services?

Q: Is a contract in which a sale of services and goods combined

Is a contract in which a sale of services and goods combined subject to the UCC?

Q: 1. How is the duty of good faith and fair dealing

1. How is the duty of good faith and fair dealing defined? 2. To what type of contracts does the duty apply?

Q: What difference does it make whether UCC Article 2 applies to a

What difference does it make whether UCC Article 2 applies to a contract?