Teach IncSold a Computer Consulting Business to Blackbeard Corp

question 15

Multiple Choice

Teach Inc.sold a computer consulting business to Blackbeard Corp.Blackbeard was persuaded to enter into that sale contract by documents that Teach had produced that suggested that Blackbeard would enjoy a profit of $1 000 000.In fact, as Teach knew, the business was really worth far less.As a result of purchasing the business, Blackbeard has actually suffered a total loss of $400 000.Blackbeard has successfully sued Teach in both tort and contract.Though it may also be entitled to other relief, Blackbeard is entitled to damages of

• A)$600 000 in contract.
• B)$400 000 in tort.
• C)$400 000 in contract.
• D)$1 000 000 in tort.
• E)$600 000 in tort.

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Definitions:

Incentive Systems

Strategic business tools used to motivate and reward employees' actions towards achieving organizational goals, often tied to performance metrics.

Sales Jobs

Employment roles focused on selling products or services to customers, aimed at generating revenue for a business.

Balanced Scorecards

A strategic planning and management system used in business and industry to align business activities to the vision and strategy of the organization by monitoring performance against strategic goals.

Executive Pay

The compensation and benefits package awarded to corporate executives, including salary, bonuses, and stock options.