Global Enterprise Enters into a Contract with HealthCare Insurance to Obtain

question 68

Multiple Choice

Global Enterprise enters into a contract with HealthCare Insurance to obtain insurance for Global employees. HealthCare breaches the contract and Global is awarded compensatory damages. The purpose is to

• A) ​establish, as a matter of principle, that HealthCare acted wrongfully.
• B) ​provide Global with funds for a foreseeable loss beyond the contract.
• C) ​provide Global with funds for its loss of the bargain.
• D) ​punish HealthCare and deter others from similar acts.

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Definitions:

Prices

The financial requirement for buying a good, service, or asset.

Marginal Revenue

The financial gain realized from the sale of one more unit of a good or service.

Cheese

A food item made from milk by thickening the milk protein casein, available in various flavors, textures, and shapes.

Marginal Revenue

The additional income that is generated by increasing sales of a product or service by one unit.