Thursday, 21 April 2016

Cima C05 Exam Question No 50

Question No 50:

 In the event of a breach of contract, what is the purpose of damages?

i. To punish the contract breaker.
ii. To compensate the innocent party.
iii. To put the innocent party in the same position as if the contract had been carried out correctly.

A
. i only.
B
. ii and iii only.
C
. iii only.
D.
i, ii and iii.

Answer: B

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