Blaw exam - Study guides, Class notes & Summaries

a. provide the nonbreaching party with money damages equal to the losses actually sustained. correct answers The purpose of compensatory damages is to: a. provide the nonbreaching party with money damages equal to the losses actually sustained. b. punish the breaching party severely enough to ensure such behavior is unlikely to occur again. c. provide the breaching party with a way to mitigate damages. mand the breaching party c. must perform under the contract within a reasonable time. ...

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Pleasant BLAW Exam 3 Questions With Verified Answers Contract An agreement that can be enforced in court; formed by two or more parties, each of whom agrees to perform or to refrain from performing some act now or in the future. Bilateral Contract promise for a promise Unilateral Contract promise in exchange for an act Formal Contract requires a special form for creation Informal Contract requires no special form for creation Express Contract Formed by words (oral...

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