An Intangible Loss

question 66

Multiple Choice

An intangible loss

• A) usually triggers the remedy of an account of profits.
• B) traditionally resulted in expectation damages.
• C) may be the subject of damages if the contract was intended to provide "peace of mind" to the plaintiff.
• D) is a loss that has market value.
• E) usually leads to reliance damages.

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Definitions:

Finished Goods

Inventory items that are completed and ready for sale.

Raw Materials

The basic materials and substances used in the initial stages of production.

Schedule of Cost

A detailed report listing all costs associated with a project, including direct, indirect, fixed, and variable costs.

Manufactured

Refers to items that have been produced or constructed from raw materials in a factory setting.