Jenson and Johnson enter into a contract that involves Johnson paying Jenson $1,000 for shoveling the snow from his driveway throughout winter
Jenson, who was paid before work commenced, breached some of the conditions of the contract on the very first day. He should refund $1,000 to Johnson as ________.
A) compensatory damages
B) restitution
C) liquidated damages
D) consequential damages
B
You might also like to view...
Which of the following statements is not true concerning the time order of occurrence of variables?
A) In an after-the-fact examination of the situation, we can never confidently rule out all other causal factors. B) The causing event must occur either before or simultaneously with the effect; it cannot occur afterwards. C) An effect cannot be produced by an event that occurs after the effect has taken place. D) It is possible for each event in a relationship to be both a cause and an effect of the other event.
James Company has 1400 shares of $100 par preferred stock, which were issued at par. It also has 29,000 shares of common stock outstanding, and its total stockholders' equity equals $615,600. The book value per common share is:
A. $100.00. B. $16.40. C. $15.64. D. $21.23. E. $20.25.
All of the following are reasons for the abuse of power EXCEPT ______.
A. powerful people devote little time to finding out how others think or feel B. powerful people protect their positions by attacking those perceived as threats C. powerful people are more likely to rely on personal power bases D. powerful people ignore the needs of others
What will the income of the Macro Division be after all service department allocations?
A) $780,000 B) $375,000 C) $575,000 D) $435,000