Chapter 11 Section 2

Question 1

suit for cancellation

Answer 1

-the party who is not in breach can bring a suit in court to cancel the contract and ask the court to put the parties back in their original positions

Question 2

suit for specific performance

Answer 2

-the party who is not in default asks the court to require the other party to perform as agreed in the contract

Question 3

suit for damages

Answer 3

-the injured party can sue for damages
-a suit for damages typically involved a request to the court to be financially compensated for harm suffered

Question 4

liquidated damages

Answer 4

-are specified and agreed upon in the contract
-parties have agreed to the penalty to be imposed in the event of a breach by either party

Question 5

unliquidated damages

Answer 5

-not specified in the contract but are determined in court

Question 6

action for declaratory judgement

Answer 6

-a request to a court to interpret a contract in advance of a breach
-this would be used if the parties to a contract were in dispute and request clarification or interpretation of provisions in the contract