In a Breach of Contract Case, Expectancy Damages Are

question 145

Multiple Choice

In a breach of contract case, expectancy damages are:

• A) meant to cover the profits the party suffering the breach of contract reasonably expected to make if the contract had been fulfilled
• B) not meant to cover the profits the party suffering the breach of contract reasonably expected to make if the contract had been fulfilled
• C) damages that allow the party suffering the breach to recover costs incurred due to relying on the promise of the other party
• D) meant to compensate for mental distress suffered by the party suffering the breach
• E) none of the other choices are correct

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Definitions:

Belief Perseverance

The phenomenon where individuals maintain their beliefs even in the face of contradictory evidence.

Fundamental Attribution Error

The tendency to overemphasize personal characteristics and ignore situational factors in explaining others' behavior.

Overjustification Effect

A phenomenon where providing external incentives for an activity already intrinsically rewarding leads to a decrease in intrinsic motivation.

Contingent Reward

A reinforcement strategy where rewards are given based on the achievement of specific criteria or performance.