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?

See Answer

Q: What are consequential damages?

What are consequential damages?

See Answer

Q: What are punitive damages?

What are punitive damages?

See Answer

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?

See Answer

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?

See Answer

Q: Discuss rescission and restitution.

Discuss rescission and restitution.

See Answer

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?

See Answer

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?

See Answer

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?

See Answer

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?

See Answer