RV Company Agrees to Buy a Certain Quantity of Vintage

question 38

Multiple Choice

RV Company agrees to buy a certain quantity of vintage campers from Sales Inc. Their contract limits consequential damages for lost profits resulting from the use of the goods. This limit is not necessarily unconscionable because

• A)the loss would be commercial in nature.
• B)consequential damages cover only reasonable foreseeable losses.
• C)lost profits are indirect losses.
• D)the transaction is a sale, not a lease.

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Definitions:

Team Player

Works cooperatively with a group of people.

Work Cooperatively

The act of working together with one or more individuals to achieve a common goal or complete a task.

Punctual

The characteristic of being on time or performing an action at the agreed or proper time.

Exact Agreement

A situation or condition whereby all parties involved have a unanimous understanding or concordance on a specific matter or in the details of an arrangement.