Copyright

Contract Breach Remedies: Reliance & Restitution

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Sometimes a court will award money damages to an innocent party for the actual losses he or she suffered due to reasonably trusting the terms of a contract. These damages are called:

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1. Sometimes a court will award money damages to an innocent party to compensate the loss of future income caused by a breach of contract. These damages are called:

2. Sometimes a court will award money damages to an innocent party to compensate for the benefit that party gave. These damages are called:

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About This Quiz & Worksheet

This quiz and worksheet will ask you to use your knowledge of breach of contract remedies. You will need to understand the different types of damages that courts will award in these types of legal actions.

Quiz & Worksheet Goals

In this assessment, you'll be tested on various types of damages that can be awarded in breach of contract actions:

  • When a court will award money damages to an innocent party to make up for the loss of future income caused by a breach of contract
  • The court will award money damages to an innocent party to compensate for the benefit that party gave
  • Damages that are calculated by figuring out the amount of money it would take to determine the innocent party's economic status

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the related lesson on breach of contract damages
  • Critical thinking - apply relevant concepts to examine information about breach of contract damages from three distinct points of view
  • Interpreting information - verify that you can read information regarding breach of contract damages and interpret it to correctly identify which type of damages should be awarded

Additional Learning

To learn more about reliance and restitution as remedies in breach of contract actions, review the accompanying lesson Contract Breach Remedies: Reliance & Restitution. This lesson covers the following objectives:

  • Define types of damages that could be awarded in a breach of contract action
  • Differentiate between these types of damages
  • Understand when and why these damages are awarded in breach of contract actions
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