Question: The three basic types of contracts damages are: expectation, reliance and reformation. Question 1 options: A) True B) False Question 2 (2 points) Restitution damages
The three basic types of contracts damages are: expectation, reliance and reformation. Question 1 options: A) True B) False Question 2 (2 points) Restitution damages are the same thing as a cause of action for restitution. Question 2 options: A) True B) False Question 3 (2 points) In a unilateral contract, the offeror is the only party who can make the allegation of a breach. Question 3 options: A) True B) False Question 4 (2 points) When a court awards costs in a breach of contract action, the amount also includes reasonable attorney's fees. Question 4 options: A) True B) False Question 5 (2 points) In a breach of contract action, the court will only award monetary damages. Question 5 options: A) True B) False Question 6 (2 points) Two parties agree to a contract where damages are difficult to determine, they agree that in the event of a breach, the damages would be $15,000. This is an example of liquidated damages. Question 6 options: A) True B) False Question 7 (2 points) Protecting the non-breaching party's expectation interest places the non-breaching party in the position they would have been in had the contract been fully performed by the breaching party. Question 7 options: A) True B) False Question 8 (2 points) Voldomor agrees to sell Spike the classic painting The Dreaming Man by Monch for $2 million dollars. Voldomor gives Spike the painting and receives nothing from Spike. If the reliance remedy is applied to the action the case, Voldomor shou
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