Podcast
Questions and Answers
What is rescission in the context of breach of contract?
What is rescission in the context of breach of contract?
What are liquidated damages?
What are liquidated damages?
Which of the following is true about liquidated damages?
Which of the following is true about liquidated damages?
What do compensatory damages aim to do?
What do compensatory damages aim to do?
Signup and view all the answers
In real estate transactions, what is often treated as liquidated damages for the seller?
In real estate transactions, what is often treated as liquidated damages for the seller?
Signup and view all the answers
Can parties agree to rescission without court intervention?
Can parties agree to rescission without court intervention?
Signup and view all the answers
What is the most common remedy for breach of contract?
What is the most common remedy for breach of contract?
Signup and view all the answers
What is the legal status of a void contract?
What is the legal status of a void contract?
Signup and view all the answers
In the context of contract assignment, when can a contract be assigned without permission?
In the context of contract assignment, when can a contract be assigned without permission?
Signup and view all the answers
What is required for novation to occur between parties?
What is required for novation to occur between parties?
Signup and view all the answers