Instructions: Identify the Terms and Briefly State Their Historical Significance

question 107

Essay

Instructions: Identify the terms and briefly state their historical significance.
Fort William and Madras

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Definitions:

Incidental Damages

Compensation for unforeseen damages that occur as a secondary effect of a breach of contract.

Resell

The act of selling an item or asset previously bought, typically for profit.

Public Sale

An auction or sale of goods or assets that is open to the general public and conducted by a legal or governmental authority.

Private Sale

is a transaction where goods, assets, or shares are sold directly from one party to another without public auction or market trading.