Which was reasonable estimate of the damages

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Reference no: EM132061023

1. A year earlier, Robin contracted to purchase 500 boxes of beads from the Marshall Bead Company. The parties agreed that the Marshall Bead Company would deliver the beads on August 1, 2015. After the contract was signed on March 1, 2015, Robin never heard from the Marshall Bead Company again, and the beads were never delivered. The contract says that in the event of breach Robin can collect $5,000 in damages, which was a reasonable estimate of the damages that would likely be incurred by Robin in the event of the breach. These damages are called

a. Compensatory damages

b. Consequential damages

c. Punitive damages

d. Liquidated damages

5. Same facts as above, except that the reasonable estimate of $5,000 in damages that would likely be incurred by Robin in the event of breach turned out to be less than Robin’s actual damages. Robin actually incurred $7,500 in damages as a result of the breach. How much will Robin get if she sues?

a. Nothing

b. $5,000

c. $7,500

d. $12,500

6. The burden of proof in a civil case is:

a. Preponderance of the evidence / more likely than not.

b. Beyond a reasonable doubt

c. Beyond a reasonable preponderance

d. 30% likely

7. The burden of proof in a criminal case is:

a. Preponderance of the evidence / more likely than not.

b. Beyond a reasonable doubt

c. Beyond a reasonable preponderance

d. 79% likely

Reference no: EM132061023

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