Expectation damages - Study guides, Class notes & Summaries

A buyer that sends its personnel to a work site to visually check on progress is doing what? o Direct observation o Indirect observation o Fact-finding o Post-production testing 6.1.5 Observe and Monitor Performance A fixed sum or formula that the contract provides as a remedy for partial or full breach of the contract is called what? o Liquidated damages o Expectation damages o Reliance damages o Punitive damages 5.4.1.2 Commercial Contract Disputes A Federal Supply Sche...

family law Body of law that defines relationships, rights, and duties in the formation, ongoing existence, and dissolution of marriage and other family units. What are five major developments that are affecting the practice of family law in the 21st century? 1. Equality of the sexes 2. Increased federalization of family law 3. Expanding role of contracts, 4. Scientific advances in childbearing 5. Deregulation of sexuality. What are some of the changes in family-law terminology and why h...

a legally enforceable agreement correct answers contract a contract in which one party agrees not to compete with another correct answers noncompetition agreement a promise made in exchange for another promise correct answers bilateral contract an agreement in which one or more parties has not yet fulfilled its obligations correct answers executory contract an agreement in which all parties have fulfilled their obligations correct answers executed contract an agreement that may be...

Which one of the following is an advantage of the takeover option? - correct answer The obligee may forgive a delay or liquidated damages. The quality of the plans and specifications can greatly influence three tasks that can determine whether the contractor can successfully perform the work. The three tasks are... - correct answer Estimating, planning, and managing the work to be performed. Eastown Contracting's balance sheet shows $100,000 in cash, $300,000 in accounts receivable, $50,0...

BUSINESS LAW PRACTICE EXAM 2 QUESTIONS AND ANSWERS. GRADED A+ The elements of a contract are agreement, consideration, legality, and capacity. - -true Robert offers to buy a car from Jane for $400. Jane must accept this offer in order to form an enforceable contract. - -true If a contract is made with a person required by law to hold a license, and the purpose of the license is protection of the public, the contract made by an unlicensed person will generally be unenforceable. - -tru...

Which one of the following is an advantage of the takeover option? - Answer-The obligee may forgive a delay or liquidated damages. The quality of the plans and specifications can greatly influence three tasks that can determine whether the contractor can successfully perform the work. The three tasks are... - Answer-Estimating, planning, and managing the work to be performed. Eastown Contracting's balance sheet shows $100,000 in cash, $300,000 in accounts receivable, $50,000 in equipment,...

Business Law - consists of the enforceable rules of conduct that govern commercial relationships Why study business law? - - The law affects every functional area of business -The law is an incredible tool for developing critical thinking -You will learn how to identify and head off potential legal problems, which will give you and your employer an absolute competitive edge -You WILL use business law throughout your careers, even if you never go to law school or never ...

CMGT 460W, Top Exam Questions and answers, 100% Accurate, VERIFIED. In order to prevail under a breach of contract claim, Plaintiff must show there was a contract, Plaintiff performed under the contract, Defendant breached the contract, and Plaintiff was damaged. True or False - -True Major breaches of contract typically fall within all of the following categories, except: A. Easily correctable B. Scope of work C. Price of work D. Schedule of work - -Easily Correctable Dama...

Which one of the following is an advantage of the takeover option? - The obligee may forgive a delay or liquidated damages. The quality of the plans and specifications can greatly influence three tasks that can determine whether the contractor can successfully perform the work. The three tasks are... - Estimating, planning, and managing the work to be performed. Eastown Contracting's balance sheet shows $100,000 in cash, $300,000 in accounts receivable, $50,000 in equipment, and $150,000 ...

CMGT 460w FINAL EXAM revised vs 1, Top Exam Questions and answers. VERIFIED. In order to prevail under a breach of contract claim, Plaintiff must show there was a contract, Plaintiff performed under the contract, Defendant breached the contract, and Plaintiff was damaged. True or False - -True Major breaches of contract typically fall within all of the following categories, except: A. Easily correctable B. Scope of work C. Price of work D. Schedule of work - -Easily Correctabl...