Damages in excess of compensatory damages that the court awards for the sole purpose of deterring the defendant and others from doing the same act again are known as ________ damages
A) non-liquidated
B) punitive
C) nominal
D) liquidated
B
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"At Dodson, we sell shoes" is a market-oriented business definition
Indicate whether the statement is true or false
Many Americans are ____ to the death penalty
A) averse B) adverse
Under the UCC only a person who deals regularly in the sale of goods involved in the sales contract is considered a merchant
Indicate whether the statement is true or false
Answer the following: a. Ron Rader wants to buy all of the stock of Radmore, Inc He approaches the officers and directors and offers to pay them $200 per share for each of the shares they hold. The officers and directors agree and then convince the
majority of shareholders to sell their stock for $100 per share. Do the other stockholders have a cause of action against the officers and directors? Explain. b. Anne, Bob, and Clark are three of the five board members of Starzitz, Inc One day they meet by chance for breakfast and decide to transact some corporate business while they are all together. If they decide to declare a dividend and to purchase another building for the corporation at this meeting, will their actions be binding on the corporation? Explain.