Which of the following statements refers to liquidated damages?
A) They are damages in excess of compensatory damages that the court awards for the sole purpose of deterring the defendant and others from doing the same act again.
B) They are damages awarded to the party that is injured by a breach of contract but cannot establish actual damages.
C) They are damages for nonperformance that are stipulated in a clause in the contract.
D) They are damages designed to place the non-breaching party in the position that party would have enjoyed had the terms of the contract been performed.
C
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A bank makes credit entries into a depositor's account for all of the following except ________
a. proceeds for a loan made to the company by the bank b. service charges c. deposits made by electronic funds transfer d. correction of bank errors
Merve has just witnessed her good friend steal from the company where they have worked for the past ten years. She is worried about saying something because she knows that her friend is going through a tough time and she does not want her to lose her job. On the other hand, she is worried abouther company going under, which would result in the loss of jobs for even more people. Merve is struggling with a/an
a. Social quandary b. Ethical dilemma c. Wicked problem d. Moral dilemmas
The document that the purchasing department prepares and sends to the vendor to place an order is called the:
A. Invoice. B. Purchase requisition. C. Purchase order. D. Receiving report. E. Invoice approval.
A posterior probability is a conditional probability
a. True b. False Indicate whether the statement is true or false