Question: An executory contract cannot be rescinded. 4 . Objective impossibility discharges a contract. 5 . If a contract does not require a certain time for

An executory contract cannot be rescinded.
4. Objective impossibility discharges a contract.
5. If a contract does not require a certain time for performance, a reasonable time will be implies
6. Damages are designed to compensate a nonbreaching party for the loss of a bargain.
7. Liquidated damages are uncertain in amount.
8. On a breach of contract, a nonbreaching party has a duty to mitigate damages that he or suffers.
9. Consequential damages are foreseeable damages that arise from a party's breach of a contra
10. Specific performance is the usual remedy when one party has breached a contract for a sal goods.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!