Which of the Following Is the Usual Measure of Damages

question 50

Multiple Choice

Which of the following is the usual measure of damages for a breach of a sales contract?

• A) the difference between the contract price and the market price of the goods at the time and place the goods were to be delivered
• B) the difference between the contract price and the market price of the goods at the time the contract was entered into
• C) the difference between the contract price and the market price of the previous contract entered into between the parties immediately prior to the contract that was breached
• D) the difference between any liquidated damages provision and the amount of actual damages
• E) the difference between the market price and the liquidated damages provision

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Definitions:

American Psychological Association

A leading scientific and professional organization representing psychology in the United States, dedicated to advancing the creation, communication, and application of psychological knowledge to benefit society and improve people's lives.

Deceived

Misled or lied to, resulting in being made to believe something that is not true.

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A process ensuring that a participant is fully aware of all aspects of a procedure, including potential risks and benefits, before agreeing to participate.

Confidentiality

The practice of maintaining the privacy of information shared by or about an individual, typically in a professional setting.