Question

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.

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.