Damages are intended to punish the wrongdoer and discourage other from engaging in similar conduct in the future
a. compensatory b. injunctive
c. exceptional d. nominal
e. none of the other choices are correct
e
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An express warranty is a written guarantee that assures the buyer that he or she:
A) is getting what he or she desired. B) will be able to get express response if any defects are found. C) is getting what he or she has paid for. D) will be able to contact the manufacturer whenever needed. E) has limited time for filling out information required by the manufacturer.
The capitalization of interest in the acquisition cost of assets during construction delays expense recognition from the time periods of borrowing to the time periods of using the asset
Indicate whether the statement is true or false
To be legally sufficient, consideration must be evidenced by something tangible
Indicate whether the statement is true or false
An assignee's rights are subject to the defenses that the obligor has against the assignor.
Answer the following statement true (T) or false (F)