A Contractor Is Generally Entitled to Recover Any Lost Profits

question 132

True/False

A contractor is generally entitled to recover any lost profits on a contract breached by the client.

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Definitions:

Portfolio

A collection of investments or projects held by an individual, organization, or financial institution, diversified to manage risk and achieve goals.

Human Capital

The competencies, insights, and accumulated experiences of a person or a community, seen from the perspective of their contribution to an organization.

Organizational

Relating to the structure or coordination of components within a company or institution.

Job Insecurity

The fear or risk of losing one's job, often due to economic conditions, organizational changes, or industry disruptions.