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An agreement states that a contract will be fulfilled in 3-Days. This was a typo and was supposed to read 30-Days. Amending a contract with an error like this is called a
Lester must return the $40 and Myrtle must return the player.
true
true
true
true
reformation
$10,000
false
Most parties settle their lawsuits for damages or other remedies prior to trial.
Lester must return the $40 and Myrtle must return the player.
true
true
true
true
reformation
$10,000
false
Lester and Myrtle want to rescind their contract under which Lester sold an MP3 player for $40. To rescind the contract
Lester must return the $40 and Myrtle must return the player.
true
true
true
true
reformation
$10,000
false
Consumer Credit Union pays Derby $10,000 to design an ad campaign. The next day, Derby tells the credit union that he has accepted a job in Boston and cannot design the campaign. As compensatory damages, the credit union can recover
Lester must return the $40 and Myrtle must return the player.
true
true
true
true
reformation
$10,000
false
The purpose of the doctrine of election of remedies is to permit double recovery.
Lester must return the $40 and Myrtle must return the player.
true
true
true
true
reformation
$10,000
false
A party who knowingly accepts defective performance of a contract waives the breach.
Lester must return the $40 and Myrtle must return the player.
true
true
true
true
reformation
$10,000
false
A breach of contract entitled the nonbreaching party to sue for monetary damages.
Lester must return the $40 and Myrtle must return the player.
true
true
true
true
reformation
$10,000
false
Special damages are awarded for damage caused by special circumstances beyond a contract.
Lester must return the $40 and Myrtle must return the player.
true
true
true
true
reformation
$10,000
false
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