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A program or policy is efficient if
Lost Profits
Financial gains that could have been earned but were not due to a breach of contract or other wrongful act.
Consequential Damages
Compensation for losses not directly caused by a breach of contract but resulting as a foreseeable consequence of the breach.
Breach of Warranty
The failure to fulfill the terms of a promise or guarantee made about the quality or functionality of a product or service.
40,000 Mile Warranty
A guarantee provided, typically by a vehicle manufacturer, covering repairs and certain maintenance for up to 40,000 miles of vehicle use.
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