Introductory Business Law CLEP Prep Practice Exam

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Prepare for the Introductory Business Law CLEP Exam. Study with flashcards and multiple choice questions, each question comes with hints and explanations. Ace your exam with confidence!

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What remedies are available to a person who is the victim of a breach of contract?

Vindictive damages
Specific performance
Acceptance of the breach
Termination of the contract

The correct answer is: Specific performance

Specific performance is the appropriate remedy for a victim of a breach of contract. Vindictive damages, or punitive damages, are meant to punish the breaching party and are generally not available in a contract dispute. Acceptance of the breach means the victim agrees to the breach and forfeits any rights to remedies. Terminating the contract may be an option, but specific performance is more likely to provide the victim with the outcome they desired when entering into the contract.