Question

Global Enterprise Corporation enters into a contract with HealthCare Insurance Company to obtain insurance for Global employees. If HealthCare breaches the contract and Global is awarded compensatory damages, the purpose would be to...a. establish, as a matter of principle, that HealthCare acted wrongfully.b. provideGlobal with funds for a foreseeable loss beyond the contract.c. provideGlobal with funds for its loss of the bargain.d. punishHealthCare and deter others from similar acts.

Answer 1

Answer:

c.

Explanation:

Based on the information provided within the question in regards to the situation at hand it can be said that the purpose for this would be to provide Global with funds for its loss of the bargain. This is the case because Global entered the contract with HealthCare Insurance to obtain insurance for it's employees, using both time and money to enter into the contract. Since HealthCare Insurance Company breached the contract it failed to hold up it's end and cost Global time and money that they could have used to enter into an agreement with another insurance company that could actually have provided what they needed.