What Was the Problem with the Contract in Flowermix V

question 18

Short Answer

What was the problem with the contract in Flowermix v. Site Developments?

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Definitions:

Russell 2000

A gauge that tracks the performance of around 2000 of the smallest American firms listed in the Russell 3000 Index.

S&P 500

A stock market index tracking the performance of 500 of the largest companies listed on stock exchanges in the United States.

DJIA

Dow Jones Industrial Average, a stock market index that measures the stock performance of 30 large companies listed on stock exchanges in the United States.

Lloyds of London

A British insurance and reinsurance market, where members join together as syndicates to insure and spread risks.