Fatalia Is a Party to a Contract with Juno

question 47

Multiple Choice

Fatalia is a party to a contract with Juno.She has initiated a claim for damages arising from breach relating the quality of workmanship.Which of the following depicts the type of breach involved?

• A) breach of innominate term
• B) fundamental breach
• C) breach of warranty
• D) breach of condition

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Definitions:

Stock Split

A corporate action in which a company divides its existing shares into multiple shares to boost the liquidity of the shares, though the overall value of one's holdings remains the same.

Shareholder Wealth

The total value of a shareholder's equity in a company, taking into account the current market value of shares owned.

Trading Range

A price range in which stocks are thought to appeal to the widest variety of investors. Typically between $30 and $100. Stock splits function to keep prices within a trading range when the stock is appreciating.

Small Investors

Individuals who commit capital to investments in smaller amounts compared to institutional investors, often with less access to sophisticated tools and information.