The Plaintiff in a Quasi-Contractual Action Can Recover

question 50

Multiple Choice

The plaintiff in a quasi-contractual action can recover:

• A) lost profits.
• B) damages for mental distress.
• C) the reasonable value of the benefit conferred upon the defendant.
• D) for all the damages sustained.

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Definitions:

CFO

Chief Financial Officer, a senior executive responsible for managing the financial actions of a company.

Collateralized

The provision of an asset or property as security for the repayment of a loan, reducing the risk for the lender.

Business Loan

A loan specifically intended for business purposes, helping companies finance operations, equipment, expansion, or other business needs.

Lender

An individual, financial institution, or entity that provides funds to another with the expectation that the funds will be repaid, typically with interest.