In a breach of contract case, expectancy damages are:
a. meant to cover the profits the party suffering the breach of contract reasonably expected to make if the contract had been fulfilled
b. not meant to cover the profits the party suffering the breach of contract reasonably expected to make if the contract had been fulfilled
c. damages that allow the party suffering the breach to recover costs incurred due to relying on the promise of the other party
d. meant to compensate for mental distress suffered by the party suffering the breach e. none of the other choices are correct
a
You might also like to view...
Which of the following errors normally would not be automatically corrected over two accounting periods?
A) failure to record prepaid revenue B) failure to record accrued payroll liabilities C) failure to record depreciation expense D) failure to count inventory in transit at year-end
Which of the following is not a criticism of the team leadership model?
A. its complexity B. it includes only a partial list of skills leaders might use to make team decisions C. shared leadership might not work for all team members’ skill levels D. it provides a cognitive guide to aid leaders in maintaining effective teams
If a previous claim letter has been refused or ignored, then a more persuasive approach using the ________ organizational pattern might be appropriate
Fill in the blank(s) with correct word
Which of the following correctly describes the accounting for indirect labor costs?
A) Indirect labor costs are product costs and are expensed as incurred. B) Indirect labor costs are period costs and are expensed as incurred. C) Indirect labor costs are product costs and are expensed when the manufactured product is sold. D) Indirect labor costs are period costs and are expensed when the manufactured product is sold.