One Day as Nolan Was Speaking with One of His

question 48

Multiple Choice

One day as Nolan was speaking with one of his customers a shriek went up from the other side of the restaurant. When he rushed over, he found that one of his customers had spilled hot tea on her arm. If this customer was so inclined, she could ________ and the court would likely find in her favor.

• A) sue Nolan and Sadie for breach of contract
• B) sue them for negligence
• C) sue them under statutory law
• D) She can do nothing about this except not go to the restaurant ever again.

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Definitions:

Market Price

The amount at which a good or service is currently sold in the market, determined by supply and demand.

Produce

To create, manufacture, or grow goods and services for consumption or sale.

Firm

A business or company engaged in commercial, professional, or industrial activities.

Maximum Profit

The highest possible financial gain a business can achieve in a given period, optimized through revenue and cost management.