Vicky contracts with Cyrus to have him remodel her kitchen. Vicky, however, changes her mind and breaches the contract before Cyrus can begin work. As a remedy for the breach, Cyrus can seek:

a. the contract price plus interest.

b. nothing, because the breach occurred before he began performance.

c. expected profits from the contract.

d. the entire contract price.

Question

Dwayne Bolton

Social Studies

25 July, 08:31

Vicky contracts with Cyrus to have him remodel her kitchen. Vicky, however, changes her mind and breaches the contract before Cyrus can begin work. As a remedy for the breach, Cyrus can seek:

a. the contract price plus interest.

b. nothing, because the breach occurred before he began performance.

c. expected profits from the contract.

d. the entire contract price.

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Answers (1)

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Brittany Schneider · Answer 1

Letter C is the correct answer.

When we talk about remedies for the breach, we mean money damage. There are many different types of monetary remedies for breaching a contract, such as: compensatory damages, restitution, nominal damages, liquidate damages, cancellation, and specific performance. So, when Vicky signed a contract but didn't keep what had been negotiated, Cyrus can expect profits from the contract.