What are the three limitations on damages

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Reference no: EM131718504

1) Explain the following ideas that go along with compensatory damages:

A) Loss of Value

B) Cost Avoided

2) Explain the remedies available for misrepresentation and the measure of damages for both fraudulent and nonfraudulent misrepresentation.

3) Describe a liquidated damages clause and when it is enforceable.

4) What are the three limitations on damages?

5) Identify and describe the types of remedies available in equity.

6) If remedies are not inconsistent, a party injured by a breach of contract may seek more than one remedy. What is this known as?

7) A party with the power to avoid a contract may lose that power by what three actions?

Reference no: EM131718504

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