If a Contract Is Breached and the Damaged Party Wants

question 27

Multiple Choice

If a contract is breached and the damaged party wants the contract carried out, he would sue for

• A) specific performance.
• B) money damages.
• C) novation.
• D) unilateral rescission.

Appreciate the importance of recording maintenance history for effective preventive maintenance.

Understand the role of Total Productive Maintenance (TPM) in maintaining system capability and applying Total Quality Management (TQM) principles in maintenance.

Understand the components and dynamics of interest rate risk for bonds.

Differentiate between real and nominal interest rates.

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Definitions:

Writer

In finance, a writer is the seller of an option who collects the premium payment from the buyer and is obligated to fulfill the terms of the contract if the option is exercised.

Strike Price

The price at which the holder of an option can buy (in case of a call option) or sell (in case of a put option) the underlying security.

Call Option

A financial contract that gives the buyer the right, but not the obligation, to buy an underlying asset at a specified price within a certain period.

Buyer

An individual or entity that acquires or has the intention to acquire goods or services from another entity in exchange for money.