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Two sources of waves, call them A and B, send out waves across the surface of a lake. The waves from A have crests 1 cm high as measured from the normal undisturbed surface of the water. The waves from B are identical to those from A. How far is the water displaced at a point where a valley from A crosses a valley from B?
Consequential Damages
Refers to indirect or secondary financial losses suffered as a result of a breach of contract, beyond the immediate scope of the contractual obligations.
Cover
In the context of contracts, the term refers to a buyer's procurement of goods as a substitute for those promised but not delivered by the seller.
Wrongful Repudiation
The unjustified refusal to fulfill the terms of a contract, thereby breaching the agreement.
Present Values
A financial calculation that determines the current worth of a future sum of money or stream of cash flows, given a specified rate of return.
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