Consequential Damages May Be Recovered If

question 27

Multiple Choice

Consequential damages may be recovered if:

• A) the damages were not a foreseeable consequence of the breach.
• B) the damages reasonably flow from the breach as a result of the injured party's particular circumstances.
• C) the breach did not cause the damages.
• D) the loss exceeds $500.

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Definitions:

Industry Standard

Widely accepted criteria, guidelines, or practices that are used within a specific industry.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded by consumers at those prices.

Marginal Revenue

The increase in income resulting from the sale of one extra product or service unit.

Natural Monopoly

A market condition where a single firm can supply a product or service at a lower cost than any potential competitor, often due to economies of scale.