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LSU BLAW 3201 FRY FINAL VERSION B NEWEST 2025/2026
NEWEST ACTUAL EXAM WITH COMPLETE QUESTIONS AND
VERIFIED ANSWERS |ALREADY GRADED A+|
The _________, which is his interest in being reimbursed for loss
caused by reliance on the contract by being put in a position as
good as the one he would have been in had the contract not been
made. - ANSWER-reliance interest
The ________, which is his interest in having restored to him any
benefit that he has conferred on the other party. - ANSWER-
restitution interest
Places the injured party in a position as good as the one he would
have held had the other party performed; equals loss of value
minus loss avoided by the injured party, plus incidental damages,
plus consequential damages. - ANSWER-compensatory damages
Loss profits are ______ only, and not _______. - ANSWER-
speculative; foreseeable
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Value of promised performance minus value of actual
performance. - ANSWER-loss of value
Loss or costs the injured party avoids by not having to perform. -
ANSWER-cost avoided
Damages arising directly out of a breach of contract. - ANSWER-
incidental damages
A small sum is awarded where a contract has been breached, but
the loss is negligible or unproven. - ANSWER-nominal damages
Contract damages placing the injured party in as good a position
as she would have been in had the contract not been made. -
ANSWER-reliance damages
Designed to punish the defendant, and are generally not
recoverable for breach of contract (rarely awarded in a contract
case). - ANSWER-punitive damages
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Reasonable damages are agreed to in advance by the parties to
a contract. - ANSWER-liquidated damages
Potential loss that the party now in default had reason to know of
when the contract was made. - ANSWER-foreseeability of
damages
Damages are not recoverable beyond an amount that can be
established with reasonable certainty. - ANSWER-certainty of
damages
Injured party may not recover damages for loss he could have
avoided by reasonable efforts. - ANSWER-mitigation of damages
The person who breeched automatically becomes the ________.
- ANSWER-defendant
Court decree ordering the breaching party to render the promised
performance. - ANSWER-specific performance
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Court order prohibiting a party from doing a specific act. -
ANSWER-injunction
__________ of the injured party to the position she was in before
the contract was made. - ANSWER-restitution
Rights That Are Not Assignable: Personal Rights: In Re Magness:
What is the general rule about contract assignment discussed in
chapter 16? What is an exception? - ANSWER-Contracts are
generally assignable to third parties. Contracts involving highly
personal obligations or relationships are not assignable.
Rights That Are Not Assignable: Personal Rights: In Re Magness:
Why was the golf membership considered different from a regular
social membership? - ANSWER-Because it was more exclusive
and expensive, and applicants were scrutinized carefully by the
Board of Governors.
Rights That Are Not Assignable: Personal Rights: In Re Magness:
How did the court determine whether the gold membership
contract was assignable? - ANSWER-The court looked at whether
LSU BLAW 3201 FRY FINAL VERSION B NEWEST 2025/2026
NEWEST ACTUAL EXAM WITH COMPLETE QUESTIONS AND
VERIFIED ANSWERS |ALREADY GRADED A+|
The _________, which is his interest in being reimbursed for loss
caused by reliance on the contract by being put in a position as
good as the one he would have been in had the contract not been
made. - ANSWER-reliance interest
The ________, which is his interest in having restored to him any
benefit that he has conferred on the other party. - ANSWER-
restitution interest
Places the injured party in a position as good as the one he would
have held had the other party performed; equals loss of value
minus loss avoided by the injured party, plus incidental damages,
plus consequential damages. - ANSWER-compensatory damages
Loss profits are ______ only, and not _______. - ANSWER-
speculative; foreseeable
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Value of promised performance minus value of actual
performance. - ANSWER-loss of value
Loss or costs the injured party avoids by not having to perform. -
ANSWER-cost avoided
Damages arising directly out of a breach of contract. - ANSWER-
incidental damages
A small sum is awarded where a contract has been breached, but
the loss is negligible or unproven. - ANSWER-nominal damages
Contract damages placing the injured party in as good a position
as she would have been in had the contract not been made. -
ANSWER-reliance damages
Designed to punish the defendant, and are generally not
recoverable for breach of contract (rarely awarded in a contract
case). - ANSWER-punitive damages
, Page |3
Reasonable damages are agreed to in advance by the parties to
a contract. - ANSWER-liquidated damages
Potential loss that the party now in default had reason to know of
when the contract was made. - ANSWER-foreseeability of
damages
Damages are not recoverable beyond an amount that can be
established with reasonable certainty. - ANSWER-certainty of
damages
Injured party may not recover damages for loss he could have
avoided by reasonable efforts. - ANSWER-mitigation of damages
The person who breeched automatically becomes the ________.
- ANSWER-defendant
Court decree ordering the breaching party to render the promised
performance. - ANSWER-specific performance
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Court order prohibiting a party from doing a specific act. -
ANSWER-injunction
__________ of the injured party to the position she was in before
the contract was made. - ANSWER-restitution
Rights That Are Not Assignable: Personal Rights: In Re Magness:
What is the general rule about contract assignment discussed in
chapter 16? What is an exception? - ANSWER-Contracts are
generally assignable to third parties. Contracts involving highly
personal obligations or relationships are not assignable.
Rights That Are Not Assignable: Personal Rights: In Re Magness:
Why was the golf membership considered different from a regular
social membership? - ANSWER-Because it was more exclusive
and expensive, and applicants were scrutinized carefully by the
Board of Governors.
Rights That Are Not Assignable: Personal Rights: In Re Magness:
How did the court determine whether the gold membership
contract was assignable? - ANSWER-The court looked at whether
