Damages to be paid in case of a breach that are specified in a contract are know

Question

Damages to be paid in case of a breach that are specified in a contract are known as:

a) nominal damages.

      b) consequential damages.

      c) liquidated damages.

      d) breach payments.

Roger entered into a valid contract with Lisa to have his whole house painted for $4,000. After Lisa painted half of Roger’s house, Roger informed Lisa that he could not pay her for her services. Lisa told Roger that they had a valid contract and that she was going to hold up her half of the deal and paint the whole house. Lisa painted the entire house and submitted a bill for $4,000 to Roger. Lisa is entitled to:

      a) $4000, the value of the contract, less any expenses that Lisa could have avoided incurring after Roger told her he would not honor their agreement.

      b) $4,000 (the amount Roger promised to pay in the contract).

      c) the reasonable value of painting the entire house on a quasi-contract basis.

      d) nothing because she didn’t accept Roger’s rescission.

Damages to be paid in case of a breach that are specified in a contract are known as:

Explanation / Answer

1. THE ANSWER IS LIQUIDATED BREACH

AS THE DAMAGES HAVE BEEN PAID FOR A Specific BREACH

2. THE ANSWER IS A )$4000, the value of the contract, less any expenses that Lisa could have avoided incurring after Roger told her he would not honor their agreement.

AS BOTH HER AND ROGER GOT INTO A VALID CONTRACT AND A BREACH TOOK PLACE ON BEHALF OF ROGERS PART NOT THE OTHER PARTY SO LISA COULD TAKE THIS TO COURT IF ROGER DOESNT PAY

NOTE PLEASE DO RATE THE ANSWER

Related Questions

Navigate

• Browse (All)
• Browse D
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.