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Officials at Brazil's State-Owned Oil Company and Top Politicians Were

question 88

Multiple Choice

Officials at Brazil's state-owned oil company and top politicians were accused of collaborating with contractors to receive billions in kickbacks.This resulted in ________ problems for Petrobras.


Definitions:

Consumer Goods

Items that are bought for personal or household use rather than for manufacturing or reselling purposes.

Liquidated Damages

A predetermined amount of money that must be paid as compensation for failure to fulfill a contractual obligation.

Unconscionable

Refers to something that is extremely unfair or unjust, often to the extent that it shocks the conscience.

Consequential Damages

Indirect or secondary losses suffered as a consequence of a breach of contract, not directly related to the breach but a result of the specific circumstances of the plaintiff.

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