When a Party in a Contract Fails to Perform (E

question 5

Multiple Choice

When a party in a contract fails to perform (e.g. breach of contract, nonperformance, or default) the other party has a variety of remedies. All of the following are remedies that an aggrieved seller may pursue EXCEPT:

• A) Sue for damages.
• B) Retain the earnest money deposit as liquidated damages.
• C) Agree to rescission of the contract.
• D) Sue for specific performance.

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Definitions:

Functional Performance

The capability to perform tasks or activities that support the role and daily life activities of an individual.

Physical Mobility

The ability to move the body easily and efficiently in the environment, often focusing on the physical capacity for movement and exercise.

Psychosocial Health

Refers to the interrelation of social, emotional, and mental well-being.

Conscious Awareness

The state of being mentally alert and fully aware of one's surroundings, thoughts, and emotions.