If Oranges Cost $4 a Bag Last Year, but They

question 169

Multiple Choice

If oranges cost $4 a bag last year, but they cost $5 a bag this year, the percent change in the price of oranges, using the base method, is

• A) 125%.
• B) 80%.
• C) 25%.
• D) 20%.

Comprehend the role and limitations of minors in contracts.

Explain the concept of consequential damages and provide examples.

Identify and explain the limitations on monetary damages in contract law.

Understand the conditions under which a court will enforce or refuse to enforce a liquidated damage clause.

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Definitions:

Business Growth

The process of increasing the size, output, or market reach of a business, typically measured through sales, profits, or market share.

Self-Employment

A state of working for oneself rather than being employed by an employer, often leading to the operation of one's own business.

Advantages

Conditions or circumstances that put one in a favorable or superior position relative to competitors or alternatives.

Disadvantages

The negative or less favorable aspects of a situation or decision.