Which of the Following Statements Is TRUE

question 10

Multiple Choice

Which of the following statements is TRUE?

• A)Cost of cure damages will never be awarded unless the plaintiff has already spent money to cure the defect in the defendant's performance.
• B)Cost of cure damages will always be less than loss of value damages.
• C)Cost of cure damages will always be awarded if the plaintiff's only loss is intangible.
• D)Cost of cure damages are more likely to be awarded if the innocent party has a reasonable and legitimate reason for wanting to have a defect actually cured.
• E)Cost of cure damages are a form of reliance damages.

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Definitions:

Parcel

A package or bundle of goods wrapped or packed up; also can refer to an individual plot of land.

Personal Property

Movable items owned by an individual or corporation, as opposed to real property like land or buildings.

Lease Interest

Lease interest typically refers to the financial interest or cost associated with leasing a property or equipment, which includes the rate at which interest is charged on the lease balance.

Life Estate

A legal arrangement where an individual has the right to use a property for their lifetime, but does not own the property outright.