Which of the Following Is True with Regard to Remedies

question 46

Multiple Choice

Which of the following is true with regard to remedies for breach of contract?

• A) The victim of a breach can recover damages that he could have avoided if he had tried to mitigate his loss.
• B) If the seller has committed a "fundamental breach" of the contract, an exemption clause absolves the seller from liability.
• C) A person who breaches a contract is liable for all the foreseeable loss that directly and naturally flows from the breach.
• D) Damages are awarded by the court to a person who has suffered loss because of a breach of an essential term of the contract, but are not awarded for a breach of an non-essential term, i.e., a warranty.
• E) Non est factum is an equitable remedy forcing a person to comply with the terms of the contract.

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Definitions:

Infrastructure Planning

The process of strategizing and designing the basic facilities, services, and installations needed for the functioning of a community or organization, including roads, water, power, and communication systems.

Systems Development

The process of defining, designing, testing, and implementing a new software application or program.

Non-MIS Managers

Managers who are not specializing in Management Information Systems but still need to understand and use information technologies in their operational strategies.

Information

Data that has been organized or processed in a way that is meaningful to the recipient, used for making decisions or understanding a situation.