The amount of nominal damages awarded is ________
A) sufficient to cover all of the plaintiff's expenses
B) sufficient to allow the plaintiff to seek punitive damages
C) based on the severity of the wrongful conduct
D) determined by the defendant's wealth
B
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If Department L uses $53,000 of direct labor and Department M uses $21,000 of direct labor, the following journal entry would be recorded using a process costing system: Work in Process Inventory, Department L53,000 Work in Process Inventory, Department M21,000 Factory Wages Payable 74,000
Answer the following statement true (T) or false (F)
Consent, self-defence and provocation can be complete defences to a claim of assault and battery
Indicate whether the statement is true or false
A proposal stays on your personal credit rating for 3 years and a bankruptcy for 6 years
Indicate whether the statement is true or false
Duncan Corp is declared bankrupt. The Royal Bank has a mortgage on its manufacturing plant. Employees have a claim for $1,000 each for unpaid wages. The trustee in bankruptcy's fees are $10,000
An unpaid supplier of steel has a claim for products supplied. Which of the above is a secured creditor? A) The bank B) The employees C) The trustee in bankruptcy D) The steel supplier E) Both B and C