What Is the Basic Objective of the Code Remedies for Breach

question 37

Multiple Choice

What is the basic objective of the Code remedies for breach of contract?

• A)To help the injured person recover consequential damages arising from the breach of contract.
• B)To put in place a mechanism that allows for repeat performance of the contract on modified terms.
• C)To help the injured person claim punitive damages arising from the breach of contract.
• D)To put the injured person in the same position that he would have been in if the contract had been performed.

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Definitions:

Consumer Protection

Legal measures and policies designed to safeguard buyers of goods and services from unfair practices, fraud, and misinformation in the marketplace.

Debt Collection Agencies

Companies specialized in recovering unpaid debts on behalf of creditors.

Legislative Enactments

Laws and statutes passed by a legislative body.

Cheque

A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer.