Construction of the Shopping Centre Was to Be Completed by October

question 91

Multiple Choice

Construction of the shopping centre was to be completed by October 15 (late penalties were included in the contract) and tenants such as FabricLand would move in by November 1.However,the contractor for the shopping centre was 43 days late in completing and now FabricLand is suing the shopping centre owner for ________ damages,and the shopping centre owner is suing the contractor for ________ damages.

• A)expectation; liquidated
• B)expectation; consequential
• C)consequential; reliance
• D)general; liquidated
• E)general; consequential

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Definitions:

Equity Capital

The funds raised by a company through the sale of common or preferred shares, representing ownership interests in the company.

Floatation Costs

The expenses incurred by a company in issuing new securities, including underwriting, legal, and registration fees.

Record Date

The specific date set by a company to determine the shareholders who are eligible to receive dividends or participate in corporate actions.

Declaration Date

The date on which a company's board of directors announces its next dividend payment, including the amount to be paid and the record and payment dates.