Examlex
Mr.Jones rented an apartment to Ms.Smith under a one-year tenancy agreement.Ms.Smith abandoned the apartment after three months.Jones located Smith and sued her for breach of contract.Which of the following is the best statement with regard to the quantum of damages Jones can recover?
Warranty of Title
A guarantee in a sales contract that the seller has the legal right to transfer ownership and that there are no undisclosed liens or encumbrances on the property being sold.
Right of Redemption
A legal right that allows a borrower to reclaim their property after it has been sold at foreclosure by paying off the full debt amount, plus additional costs, within a specified timeframe.
Entire Debt
The total amount owed by a debtor, encompassing all outstanding obligations, not just a portion or installment.
Foreclosure
A legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments, typically by forcing the sale of the asset used as the collateral for the loan.
Q26: Explain the principle of mitigation in contract
Q39: Discuss the requirement of consensus in the
Q48: Drew got a non-union,senior management level job.After
Q123: A breaching party is responsible for all
Q125: Joe owed Sam $500.Two days before the
Q133: Misgana ran into Tarja at their local
Q162: A formal contract is one that is
Q168: Mr.Jones rented an apartment to Ms.Smith under
Q194: What restrictions are there on a principal's
Q204: Discuss the extent of an agent's authority