Which of the Following Statements Is TRUE

question 24

Multiple Choice

Which of the following statements is TRUE?

• A)If a court awards nominal damages, it will always award costs against the party that breached the contract.
• B)Canadian judges award punitive damages more often than American judges.
• C)Nominal damages are usually worth more than punitive damages.
• D)Punitive damages are intended to compensate the plaintiff for losses that it unexpectedly suffered as a result of the defendant's deliberate breach of contract.
• E)An account of profits normally is not available even if the defendant earned a large profit as a result of committing a breach of contract against the plaintiff.

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Definitions:

Forward Rate

An agreed-upon price for a financial transaction that will occur at a future date.

Direct Quote

A quotation in the foreign exchange market that expresses the amount of foreign currency required to buy or sell one unit of the domestic currency.

Direct Quote

A report of the exact words used by a speaker or writer, typically enclosed in quotation marks.

British Pounds

The official currency of the United Kingdom, also known as GBP or Sterling, used as a benchmark currency internationally.