An Action to Recover Damages for Breach of Contract May

question 24

True/False

An action to recover damages for breach of contract may be maintained only if the plaintiff has sustained or can prove an injury or loss resulting from the breach.

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Definitions:

Responsible Corporate Officer Doctrine

The Responsible Corporate Officer Doctrine is a principle that holds corporate executives and officers liable for the illegal actions of the corporation, even without direct involvement, if they had power to prevent the misconduct.

Strict Liability

A legal principle that holds an individual or entity responsible for damages or losses, regardless of fault or intention, often applied in product liability cases.

Absolute Liability

Absolute liability is a legal principle that holds an individual or entity responsible for their actions or products, without the necessity of proving negligence or fault.

Activities

Actions or tasks that individuals or groups engage in, often aimed at achieving a particular goal or outcome.