Absent provisions in the contract, which of the following types of damage can be awarded to an injured party under a breach of contract?
a. General damages only
b. General and incidental damages only
c. General, incidental, and special damages only
d. General, incidental, special and punitive damages
C
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Review the following statements to determine which one is not accurate regarding the direct ownership method of entering a foreign market.
A. Direct ownership is the riskiest method of entering a foreign market. B. Direct ownership does not allow the firm much control over its intellectual property. C. Direct ownership is a good option when there are similarities between the foreign and domestic cultures. D. Direct ownership is a good option when there is very little political risk. E. Direct ownership requires more commitment than any other method of entering a foreign market.
The tort of assault and the tort of battery:
A) Are strict liability torts. B) Require proof of each of the separate elements of negligence. C) Can occur independently or together. D) Are two names for the same tort. E) Cannot both occur in the same incident.
JIT systems carry inventory just in case something goes wrong
Indicate whether the statement is true or false
In a global trade transaction, Dicky ships goods under a clean bill of lading and submits all the necessary documents under a documentary letter of credit to the buyer Joe to his bank. While on traveling to Turkey in the Mediterranean Sea, the ship sinks. Is Dicky entitle to receive payment despite the loss of the cargo?
A) As long as all necessary documents are in order when submitted B) Dicky absorbs the risk of loss C) Carrier is liable for the loss D) None of the above