Practice Quiz

Paralegal Exam Prep

Category - Contracts

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Under the Uniform Commercial Code which of the following remedies is not available for a breach?
  1. Compensatory damages
  2. Exemplary damages
  3. Incidental damages
  4. Actual damages
  5. None of the above.
Explanation
Answer: B. Under the Uniform Commercial Code exemplary damages is a remedy that is not available for a breach. Exemplary damages, also referred to as punitive damages, is a remedy available under common law, but not under the UCC. Remedies under the UCC are not meant to punish, but to make the non-breaching party whole.
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