Question

The breach of a warranty in a contract allows for which of the following remedies?

Select one:

a. The non-breaching party can terminate the contract and/or sue for damages

b. The non-breaching party can rescind the contract

c. The non-breaching party is entitled to sue for damages

d. The non-breaching party can terminate the contract only if the subject is rare or unique

Which of the following statements is not true with respect to arbitration proceedings?

Select one:

a. An arbitrator should be neutral.

b. Arbitration proceedings are conducted without many of the procedural requirements of a formal trial.

c. Arbitration proceedings are normally lengthier and more time-consuming than litigation in a court.

d. An arbitrator’s decision is usually binding and enforceable as a court judgment.

Answer 1

C.The non breaching party is entitled to sue for damages.

The breach of warranty only allows the non breaching party to sue for damages.

The breach of warranty is a minor breach and one cannot terminate the contract or rescind the contract.

second part;

C. Arbitration proceedings are normally lengthier and more time-consuming than litigation in a court..

Arbitration proceedings generally provide a speedier resolution than court.

The following points about arbitration are true.

a.An arbitrator should be neutral.

b. Arbitration proceedings are conducted without many of the procedural requirements of a formal trial.

d. An arbitrator’s decision is usually binding and enforceable as a court judgment.