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Julli [10]
3 years ago
5

Max and Lew have entered into a contract for Lew to paint Max’s house. The contract specifically states that the job was to be c

ompleted by August 25. Lew completes the job on August 26. Max has suffered no loss due to the delay. The job was otherwise done exactly to all contract requirements and specifications. If Max sues Lew for breach of contract due to the missed completion date and if the courts were to award damages, what type of damages would most likely be awarded? Multiple Choice punitive damages consequential damages restitution nominal damages
Business
1 answer:
mars1129 [50]3 years ago
3 0

Answer:

The correct answer is letter "D": nominal damages.

Explanation:

Nominal damages are granted as monetary rewards when a legal fault takes place but there has not been substantial damage because of it. It is said that the fact of granting the fault represents more of a moral act. Usually, if awarded, the plaintiff may receive $1 or $2.

In the case, as Max suffered no loss because of Lew's delay while painting his house, if he decides to sue him he will be awarded nominal damage for the contract breach.

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Determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics. Microeconomics
jeka57 [31]

Answer:

The correct answers are:

A) The effects of the Internet on the pricing of used cars.  (Microeconomics)

B) The effect of government regulation on a monopolist's production decisions . (Microeconomics)

C) The effects of government tax policy on long-term economic growth. (Macroeconomics)

Explanation:

The field of economics is usually broken down into two broad categories: Microeconomics and Macroeconomics. The goal of all economics is to analyze the production and consumption of finite resources like oil, wheat, capital or even labor. Microeconomics observes these issues from an individual or business perspective. Macroeconomics looks at the issues from the perspective of the country as a whole, and the policies affecting the economy. Thus:

A) The effects of the Internet on the pricing of used cars. (Microeconomics)

B) The effect of government regulation on a monopolist's production decisions. (Microeconomics)

C) The effects of government tax policy on long-term economic growth (Macroeconomics)

3 0
3 years ago
When you choose to live with a roommate on a collage campus, you can live there for free. True or False?
Sergeu [11.5K]

Answer:

False

Explanation:

You just split everything 50-50

5 0
3 years ago
You own a stock portfolio invested 30 percent in Stock Q, 25 percent in Stock R, 25 percent in Stock S, and 20 percent in Stock
Reptile [31]

Answer:

Portfolio beta = 1.1075

Explanation:

The portfolio beta is a function of the weighted average of the individual stocks betas' that form up the portfolio. To calculate the portfolio beta, we use the following formula,

Portfolio beta = wA * Beta of A + wB * Beta of B + ... + wN * Beta of N

Where,

  • w represents the weight of each stock in portfolio

Portfolio beta = 0.30 * 0.95  +  0.25 * 1.12  +  0.25 * 1.13  +  0.20 * 1.30

Portfolio beta = 1.1075

6 0
3 years ago
Which of the following is an advantage of print publication as an advertising
gregori [183]

Answer

B is the best I think.

Explanation:

7 0
3 years ago
The natural rate of unemployment is
Brilliant_brown [7]

Answer:

The correct answer is option c.

Explanation:

The natural rate of unemployment is the unemployment rate that exists in a heathy economy. When the unemployment rate is equal to natural rate, the economy is considered to be at full employment.

It includes only structural and frictional unemployment, cyclical unemployment is not included.

6 0
3 years ago
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