Which of the Following Is a Match

question 13

Multiple Choice

Which of the following is a match?

• A)Leif Erikson and Mexico
• B)Vasco da Gama and Japan
• C)Cortés and California
• D)Balboa and Peru
• E)Magellan's crew and circumnavigation of the earth

Identify the factors affecting the choice of remedy for a breach of contract.

Recognize the conditions under which a contract may be terminated.

Understand the principles governing the award of damages in contract law.

Differentiate between equitable remedies and damages.

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Definitions:

Average Rate of Return

This refers to the percentage of average annual profit compared to the initial investment cost, commonly used to evaluate the profitability of an investment.

Average Rate of Return

A financial ratio that calculates the return, or profit, of an investment over a certain period as a percentage of the initial cost of the investment.

Economic Conditions

The state of a country's economy at a given time, influenced by factors such as GDP, unemployment rates, and inflation.

Liquidity

A company’s ability to convert assets into cash.