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

question 1

Multiple Choice

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

• A)Both a tort and a contract always involve the breach of a civil obligation that gives rise to an award of damages.
• B)Although the same set of facts may support both a claim for tort and a claim for breach of contract,the plaintiff cannot sue for both at the same time.
• C)From a risk management perspective,tort obligations are often more dangerous than contractual obligations because tort obligations generally are not voluntarily created.
• D)Damages look backward in contract,but forward in tort.
• E)If the same events involve both a tort and a breach of contract,the plaintiff generally is entitled to collect damages for both equal to double damages.

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Definitions:

Automobile Industry

The automobile industry encompasses the wide range of companies and activities involved in the design, manufacturing, marketing, and selling of motor vehicles.

Tobacco Industry

Comprises companies and entities that manufacture, market, and distribute tobacco and tobacco-related products.

Federal Reserve

The central banking system of the United States, responsible for setting monetary policy, regulating banks, maintaining financial stability, and providing banking services.

Board Of Governors

The executive leadership of an institution or organization, such as the Federal Reserve in the United States, responsible for setting policies and overseeing operations.