Which of the Following Is the Most Likely Measure of Recovery

question 50

Multiple Choice

Which of the following is the most likely measure of recovery when a quasi-contract is involved?

• A) The amount set forth in the contract.
• B) The fair market value of the matter involved.
• C) The wholesale price of any good involved.
• D) The amount sought by the plaintiff in the Complaint.
• E) Damages will be computed the same way as they are computed for any other contract.

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Definitions:

Interest Rates

Presented as a percentage of the principal, this is the fee a borrower must pay to a lender to use their assets.

Bond's Lifetime

The period from the issuance of the bond until it reaches its maturity date.

Registered Bonds

are bonds whose ownership is recorded by the issuing company, ensuring that only the registered owner receives interest payments and the principal back.

Bearer Bonds

Bonds that are owned by the holder rather than a registered owner, and the physical possession of the bond is the only evidence of ownership.