Which of the Following Statements Is TRUE with Respect to the Relationship

question 33

Multiple Choice

Which of the following statements is TRUE with respect to the relationship between tort and contract?

• A)A plaintiff who is entitled, on the basis of the same set of facts, to sue in both tort and contract should always sue in contract because contractual damages are always worth at least as much as tort damages.
• B)A plaintiff who is entitled, on the basis of the same set of facts, to sue in both tort and contract should always sue in tort because tort damages are always worth at least as much as contractual damages.
• C)The concept of privity is fundamental in contract but does not exist in tort law.
• D)Damages look backwards in contract but forwards in tort.
• E)The obligation to behave in a certain way is considered primary in contract and secondary in tort because contract law historically developed before tort law.

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Definitions:

Price Volatility

The rate at which the price of a security increases or decreases for a given set of returns, influencing the risk level of the security.

Bretton Woods Agreement

An international financial system established in 1944, creating fixed exchange rates, the International Monetary Fund (IMF), and the World Bank to promote global economic stability.

Price Volatility

The degree to which the price of an asset, security, or commodity fluctuates over time.