Which of the Following Is a Remedy for a Party That

question 51

Multiple Choice

Which of the following is a remedy for a party that is in material breach of a contract but has incurred economic harm by already performing substantially for the contract?

• A)Liquidated damages
• B)Quasi-contract
• C)Bilateral contract
• D)Incorporation

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Definitions:

Replacement Seed

relates to seeds provided to replace initial batches that were defective or failed to germinate, ensuring agricultural productivity is not compromised.

Specific Performance

A legal remedy in contracts requiring the party who breached the contract to perform their contractual obligations, rather than simply paying damages.

Replevin

A legal action to recover personal property that has been wrongfully taken or detained.

Common Law

Law that is derived from custom and judicial precedent rather than statutes, often contrasted with statutory law.