After a Breach of Contract by a Buyer, Expenses Associated

question 218

Multiple Choice

After a breach of contract by a buyer, expenses associated with stopping delivery, transporting and taking care of the goods after the breach, returning or reselling the goods are all examples of:

• A) breach damages
• B) explicit damages
• C) punitive damages
• D) cost damages
• E) none of the other choices are correct

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Definitions:

Wages and Salaries

Regular payments made by employers to employees in exchange for their work or services.

Activity Variance

The difference between planned or budgeted costs and the actual costs based on the level of activity or volume, used in variance analysis.

Press Runs

Production operations in printing or manufacturing where multiple units of a product are produced in sequence on a press.

Passengers

Individuals who are being transported from one place to another in a vehicle, aircraft, or vessel, usually for a fare.