Remedies

Question 1

Damages that are intended to place the injured party int he position that he or she would have been in had the contract been performed

Answer 1

expectation damages

Question 2

Damages that are intended to place the injured party in the position that he or should have been had the contract never been made

Answer 2

reliance damages

Question 3

The amount of damages recoverable by the injured party is generally limited by the ______, ________, and ________ of loss

Answer 3

availability, foreseeability, uncertainty

Question 4

Damages that are set by the parties in the term so the contract in case a breach occurs

Answer 4

liquidated damages