Global Enterprise Enters into a Contract with HealthCare Insurance to Obtain

question 68

Multiple Choice

Global Enterprise enters into a contract with HealthCare Insurance to obtain insurance for Global employees. HealthCare breaches the contract and Global is awarded compensatory damages. The purpose is to

• A) ​establish, as a matter of principle, that HealthCare acted wrongfully.
• B) ​provide Global with funds for a foreseeable loss beyond the contract.
• C) ​provide Global with funds for its loss of the bargain.
• D) ​punish HealthCare and deter others from similar acts.

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Definitions:

Constrained Resource

A limited resource that restricts a company's ability to produce goods, deliver services, or achieve its objectives.

Profitable Use

The utilization of resources or assets in a way that generates a positive return or profit.

Craft Shows

Events where artisans and makers display and sell their handmade goods, often featuring a wide range of crafts.

Variable Costs

Expenses that vary directly with the level of production or output, such as raw materials and direct labor.