Pure Oil Company enters into a contract with QuikBilt, Inc., to construct an offshore oil pipeline to withstand specific conditions. If QuikBilt fails to meet this standard, which is construed as a breach of contract and a breach of a duty of care, Pure might be awarded punitive damages to
A. establish, as a matter of principle, that QuikBilt acted wrongfully.
B. provide Pure with funds for a foreseeable loss beyond the contract.
C. provide Pure with funds for its loss of the bargain.
D. punish QuikBilt and deter others from similar acts.
Answer: D
You might also like to view...
The Pregnancy Discrimination Act protects the job reinstatement rights of women returning from maternity leave
Indicate whether the statement is true or false
Empirical evidence supports the notion that U.S. financial markets are generally ________ form efficient
A) weak B) semi-strong C) strong D) none of the above
In a Bridge Loan, the new owner can only own one property at a time
Indicate whether the statement is true or false
It is a good idea to consider using UML extensions early in the development phase
Indicate whether the statement is true or false