Which of the following are damages that give the plaintiff the benefit of its bargain, putting the plaintiff in the case position it would have been in if the contract had been fulfilled?
a. Expectation damages
b. Reliance damages
c. Restitution damages
d. In kind damages
a
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The Magnuson-Moss Warranty Act applies to all sellers of a consumer product that costs more than $5 who give the consumer a written warranty.
Answer the following statement true (T) or false (F)
Which of the following is not a characteristic of a goodwill message? ?
A) ?Sincerity B) ?Spontaneity C) ?Showmanship D) Selflessness
Evita pretends to be "Faith" online, fooling Garth into believing that Faith is his friend. When Garth learns the truth, he is embarrassed and feels humiliated. But he cannot recover damages because he cannot prove an actual injury, which is a requirement for recovery in these circumstances on the ground of
a. mistake. b. fraudulent misrepresentation. c. undue influence. d. unconscionability.
Tomkin Library System issues $5 million in bonds on January 1, 2021 that pay interest semi-annually on June 30 and December 31. A portion of the bond amortization schedule appears below:DateCash PaidInterest ExpenseDecrease in Carrying ValueCarrying Value01/01/2021 $5,500,000 06/30/2021$250,000 $220,000 $30,000 5,470,000 12/31/2021 250,000 218,800 31,200 5,438,800 What is the market annual interest rate?
A. 4%. B. 10%. C. 8%. D. 5%.