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Bob and Sue agree that Bob will fix Sue’s roof for $8,000. Bob spends half of the amount due under the contract to acquire the materials for the job from ACME Roofing. ACME Roofing is

The remedy of specific performance can be used for the sale of land, the purchase of rare one-of-a-kind items and for employment contracts.

Bob and Sue agree that Bob will fix Sue’s roof for $8,000. Bob spends half of the amount due under the contract to acquire the materials for the job from ACME Roofing. ACME Roofing is

Bob and Sue contract for the sale of Bob’s horse for $5,000. Unknown to both parties, the horse has died. Sue is

Bob and Sue contract for the sale of Bob’s horse for $5,000. Unknown to both parties, the horse has died. Sue is

Compensatory damages compensate an injured party for damages arising directly from the loss of a bargain caused by a breach of contract.

When a condition operates to terminate a party’s absolute promise to perform, it is called a condition subsequent.

A contract may include a clause stating that no damages can be recovered for a certain type of breach.

Arson is a

Arson is a