Critics Charge That Intermediaries ________

question 70

Multiple Choice

Critics charge that intermediaries ________.

• A) are too few in number
• B) are inefficient
• C) provide only necessary services
• D) underprice their services
• E) are too competitive

---

Definitions:

Quasi-Contract

An obligation imposed by the law to avoid injustice, even though no true contract exists between the parties.

Duty to Mitigate Damages

The legal principle requiring a party suffering loss as a result of a breach of contract to take reasonable action to minimize the financial harm.

Breach of Contract

A violation of any of the agreed-upon terms and conditions of a legal contract.

Punitive Damages

Monetary compensation awarded to an injured party that goes beyond what is necessary to compensate for losses and is intended to punish the wrongdoer.