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Aleksandr-060686 [28]
3 years ago
13

There are five different ways that we can measure legal (monetary) damages: 1) compensatory, 2) consequential, 3) nominal, 4) pu

nitive, and 5) liquidated. Each of these attempts to estimate some aspect of injury caused by the breach of contract. While compensatory and consequential damages complement each other and are sometimes collectively called actual damages. Actual damages mutually exclude the award of nominal or liquidated damages. Nominal damages like liquidated damages preclude any other type of damage award. Finally, punitive damages will not be awarded for breach of contract because it would be contrary to public policy. How would awarding punitive damages for breach of contract harm society?
Business
1 answer:
tatuchka [14]3 years ago
5 0

Answer:

Punitive damages are those harms that surpass basic pay and are granted with an expectation to rebuff the respondent. The essential target of reformatory harm isn't to remunerate the oppressed party however to rebuff the gathering that hosts irritated or wronged the bothered get-together.  

Granting punitive damages for penetrate of agreement can conceivably hurt the general public. This is on the grounds that numerous penetrates of agreement can be because of conduct of the culpable party which is neither intentional nor careless. Reformatory harms should just be restricted and material to tort cases and should just be utilized to rebuff those bad behaviors that are conscious and foolish. Anyway utilizing correctional activities to rebuff somebody who has penetrated an agreement because of specific occasions or circumstances that were not in his control will be crooked and uncalled for.  

Punitive damages are semi criminal in nature and ordering and clubbing all break of agreement (despite the fact that not purposeful or not having components of dishonesty, malevolence or wanton) as semi criminal in nature will be in opposition to open arrangement and will hurt the general public.

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Price rises from $10 to $11, and the quantity demanded falls from 100 units to 95 units. What is the price elasticity of demand
Sergeeva-Olga [200]

Answer:

0.54

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = midpoint change in quantity demanded / midpoint change in price  

Midpoint change in quantity demanded = change in quantity demanded / average of both demands

change in quantity demanded  = 100 - 95 = 5

average of both demands = (100 + 95) / 2 = 97.5

Midpoint change in quantity demanded = 5 / 97.5 = 0.051282

midpoint change in price = change in price / average of both price

change in price = $11 - $10 = 1

average of both price = ($11 + $10) / 2 = 10.5

midpoint change in price = 1 / 10.5 = 0.095238

Price elasticity of demand =  0.051282 / 0.095238 = 0.54

6 0
2 years ago
Jenna would like to work as a computer programmer. While in college, Jenna worked in a bookstore, where she eventually moved up
TiliK225 [7]
<span>the answer d Jenna is incorrect; working in the bookstore gave her the management experience valuable in different fields.
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4 0
3 years ago
Read 2 more answers
How much would $100, growing at 5% per year, be worth after 75 years?a. $3,689.11b. $3,883.27c. $4,077.43d. $4,281.30e. $4,495.3
Radda [10]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

How much would $100, growing at 5% per year, be worth after 75 years?

We need to use the following formula to calculate the final value.

FV= PV*(1+i)^n

FV= 100*(1+0.05)^75

FV= $3,883.27

6 0
3 years ago
What is a good sport or activity to do in high school that looks good on your college application?
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football,volleyball,tennis, basketball or

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3 years ago
Matrix Corporation's balance sheet and income statement appear below: Comparative Balance Sheet Ending Balance Beginning Balance
Bad White [126]

Answer:

Check the explanation

Explanation:

Cash flow from operating activities:  

Net income                                                                     $116

Adjustment to reconcile net income to cash basis:  

Depreciation expense ($359+1-347)                              $13

Gain on sale of equipment                                              (14)

Decrease in account receivable (40-39)                         $1

Decrease in inventory (44-43)                                          $1

Increase in account payable (30-26)                               $4

Decrease in accrued liabilities (18-15)                              (3)

Decrease in income tax payable (40-39)                         (1)

Net cash flow from operating activities                           $117

5 0
3 years ago
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