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Abigail signed a contract to purchase a new car from Wolf's Auto Sales Company.The seller breached its agreement by not delivering the car.Abigail went to another car dealer and purchased the same model of car at the same price.Although she had experienced a legal injury,Abigail has no actual financial or other damages as a result of the breach.If Abigail sues and wins,what type of damages will she be awarded?
False Consensus Effect
A cognitive bias whereby people tend to overestimate the extent to which their opinions, beliefs, preferences, values, and habits are normal and typical of those of others.
Illusion of Control
The cognitive bias that leads individuals to overestimate their ability to control events, more than what is actually possible.
Outcome Bias
The tendency to judge a decision based on its outcome rather than the quality of the decision at the time it was made.
Intercultural Misunderstandings
Occur when people from different cultural backgrounds misinterpret each other's behaviors, words, or actions due to differing norms and values.
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