The Seller's Cost of Running Another Ad in Order to Sell

question 29

True/False

The seller's cost of running another ad in order to sell the car that a buyer breached a contract on is an example of consequential damages.

---

Definitions:

Compounded Semi-Annually

Refers to the process where interest is added to the principal balance of an investment, loan, or deposit twice a year, leading to interest earning on interest previously accumulated.

Initial Investment

The upfront sum of money used to start an investment or project.

Compounded Daily

An interest calculation method where interest is added to the principal sum daily so that each day's interest earnings also earn interest in the future.

Nominal Interest Rate

The stated or named interest rate on a loan or investment, not accounting for inflation or compounding effects.