快速查题-ACCA英国注册会计师试题

In order to claim damages an innocent party is required to take reasonable steps to mitigate their losses

Damages are not payable in relation to mental distress

Damages to rectify a defect are still payable even if they are wholly disproportionate to the size of the breach

Damages in the form of a penalty clause are valid and enforceable

Actual performance is impossible 

Both parties agreed to non-performance 

 Performing the contract will cause the party concerned financial hardship 

 At the time performance is due 

Before the time performance is due 

 After the time performance is due 

One party states that they have no intention to perform their obligations 

One party prevents themselves from performing their obligations 

 One party is prevented from performing their obligations by external circumstances 

 The Act only applies to business-to-business contracts 

 The Act does not apply to terms that have been individually negotiated 

 The Act applies to contracts regarding a transfer of an interest in land 

 The Act automatically voids all clauses that restrict liability for loss or damage due to negligence 

 Statute 

 Third parties 

 The parties to the contract