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Differentiate between compensatory and punitive damages

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Reference no: EM131528217

1. When a contract's performance is not impossible, how can it be discharged by operation of law?

2. Differentiate between compensatory and punitive damages?

3. What conditions must be satisfied in order for a contract to be formed when certain terms are left open? What terms (in addition to price) can be left open?

4. When does risk pass (a) under a shipment contract? (b) Under a destination contract? (c) In a sale on approval?

5. What does "good faith" mean under the UCC?

Reference no: EM131528217

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