AB Developers Signs a Contract with CL Corp

question 3

Multiple Choice

AB Developers signs a contract with CL Corp., agreeing to build a $20 million office for the corporation. The construction contract was substantially performed. There were, however, a few minor breaches of the contract by AB Developers that made CL Corp. incur damages worth $10,000. Which of the following is most likely to be true in this scenario? ​

• A)Since there was a breach of contract, CL Corp. may not pay any compensation to AB Developers.
• B)CL Corp. needs to pay the full price under the contract since the work was substantially performed.
• C)CL Corp. needs to pay the full price under the contract less the damages suffered by it.
• D)AB Developers needs to pay nominal damages to CL Corp. for breach of contract.

---

Definitions:

Money Supply

The collective sum of all monetary resources in an economy, including cash, coins, and savings and checking account balances, at a particular time.

Interest Rates

The expense associated with taking out a loan or the profit from an investment, presented as a percentage of the initial amount.

Stock Prices

The cost of purchasing a share in a company, reflecting the company's value and investor expectations about its future profitability.

Aggregate Demand

The all-encompassing demand for goods and services within an economic sphere, calculated at a specific price level during a certain period.