Asked by Rania Laamiri on Jul 19, 2024
Verified
What is the basic objective of the Code remedies for breach of contract?
A) To help the injured person recover consequential damages arising from the breach of contract.
B) To put in place a mechanism that allows for repeat performance of the contract on modified terms.
C) To help the injured person claim punitive damages arising from the breach of contract.
D) To put the injured person in the same position that he would have been in if the contract had been performed.
Code Remedies
Legal solutions or measures provided within a codified set of laws for the enforcement or redress of rights.
Breach of Contract
The failure to perform as specified in a contract without a legitimate legal excuse, which allows the other party to seek damages.
- Understand the main goal of the Uniform Commercial Code's solutions for contract breach.
Verified Answer
SN
Shanza NawazJul 25, 2024
Final Answer :
D
Explanation :
The objective of the Code remedies is to put the injured person in the same position that he would have been in if the contract had been performed.
Learning Objectives
- Understand the main goal of the Uniform Commercial Code's solutions for contract breach.