ENGR 413 Chapters 7-12 Exam Questions With Correct Answers
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Course
ENGR 413
Institution
ENGR 413
ENGR 413 Chapters 7-12 Exam Questions
With Correct Answers
When does a breach of contract occur? - answerWhen one of the parties fails to meet its
obligations under the contract.
What is the most common remedy for breach of contract? - answerDamages
Who intercedes when parties are unable to co...
Define Bonus Clause - answer✔additional payment for performance that exceeds minimum
requirements
What is Diminution of Value? - answer✔where the cost of rectification will be excessive
compared to the benefit rectification will bring
What is an example of Diminution of Value? - answer✔A car after a collision is worth less than
before the accident.
What is a fundamental breach of contract? - answer✔It deprives the innocent party of all or
substantially all of the benefit of the contract
What are options for the innocent party in a breach of contract? - answer✔Continue contract and
sue or terminate contract and sue
What is a simple breach of contract? - answer✔Less significant than a fundamental breach. Does
not entitle the innocent party to put an end to the contract. Does entitle the innocent party to sue
for damages
What happens when the innocent party terminates a contract over a simple breach? - answer✔If
the innocent party terminates the contract because of a simple breach, that will be a fundamental
breach by the "innocent" party
Define Repudiation - answer✔When one party, by words or actions, makes it known that it does
not intend to perform its fundamental obligations under the contract
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