Under the CISG, what are the damages for breach of contract by one party? Does the aggrieved party have any responsibilities after the breach occurs?
Damages for breach of contract by one party consist of a sum equal to the loss, including loss of profit, suffered by the other party as a consequence of the breach. Such damages may not exceed the loss which the party in breach foresaw or should have foreseen at the time of the conclusion of the contract as a possible consequence of the breach. The aggrieved party must take reasonable measures to mitigate the loss resulting from the breach. If he fails to do so, the party in breach may claim a reduction in the damages in the amount by which the loss should have been mitigated.
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According to the text, the typical duration of a focus group is ________
A) less than an hour B) two to four hours C) one to three hours D) three to five hours E) more than five hours
The higher the capital structure leverage ratio, the _____ is the proportion of financing that common shareholders provide and the _____ is the proportion that creditors and preferred shareholders provide. Thus, the _____ the capital structure leverage ratio, the _____ is financial leverage
a. higher; lower; higher; higher b. lower; higher; higher; higher c. higher; lower; higher; lower d. lower; higher; higher; lower e. lower; higher; lower; lower
Daget Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $364,140. At the end of the year, actual direct labor-hours for the year were 24,000 hours, manufacturing overhead for the year was overapplied by $8,060, and the actual manufacturing overhead was $359,140. The predetermined overhead rate for the year must have been closest to:
A. $15.43 per direct labor-hour B. $14.96 per direct labor-hour C. $15.17 per direct labor-hour D. $15.30 per direct labor-hour
If markets are in equilibrium, which of the following conditions will exist?
A. Each stock's expected return should equal its realized return as seen by the marginal investor. B. Each stock's expected return should equal its required return as seen by the marginal investor. C. All stocks should have the same expected return as seen by the marginal investor. D. The expected and required returns on stocks and bonds should be equal. E. All stocks should have the same realized return during the coming year.