Rachel Had Been Looking Forward to Her Two Weeks of Vacation

question 11

Multiple Choice

Rachel had been looking forward to her two weeks of vacation in Paris, France, with a Never Late Inc. tour group. The day before the tour was to leave Toronto, Rachel was told that the entire tour had to be cancelled because of a "mix- up in hotel accommodations". She was immediately given a full refund of her money. What sort of additional damages is Rachel entitled?

• A) expectation- for cost of substitute tour
• B) none- since she received all her money back
• C) general- since there was mental anguish
• D) nominal- to recognise the breach that did occur
• E) consequential- since breach was the result of negligence in making hotel reservations

---

Definitions:

Interest Rates

The percentages at which money is borrowed or lent, serving as a critical economic indicator and tool for monetary policy.

Treasury-Bond Futures

Treasury-bond futures are futures contracts based on the future value of U.S. Treasury bonds, used to hedge against or speculate on changes in interest rates.

S&P 500 Index Futures

Financial contracts that speculate on the future value of the S&P 500 index, allowing investors to bet on the direction of the stock market.

Buy

The action of acquiring ownership in a financial asset with the expectation that its value will increase over time.