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Questions and Answers
What is the primary focus of contract law?
What is the primary focus of contract law?
- Punishing the breaching party
- Maximizing profits for all parties involved
- Ensuring agreements are honored (correct)
- Dictating terms for the parties
In the event of a breach of contract, the injured party may seek which of the following judicial remedies?
In the event of a breach of contract, the injured party may seek which of the following judicial remedies?
- Financial compensation for emotional distress
- Public apology from the breaching party
- Damages or rescission (correct)
- Revocation of the entire contract
What is a binding agreement between actors in international law known as?
What is a binding agreement between actors in international law known as?
- Global contract
- Worldwide accord
- International pact
- Treaty (correct)
Which principle is contract law based on?
Which principle is contract law based on?
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In general, contract law is exercised and governed under which types of jurisdictions?
In general, contract law is exercised and governed under which types of jurisdictions?
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