Restitution Is

question 62

Multiple Choice

Restitution is

• A)a cause of action that sometimes is available in a contractual context.
• B)a remedy that may require the defendant to give up a benefit that it acquired from a third party as a result of committing a wrong against the plaintiff.
• C)another appropriate name for an account of profits.
• D)never able to exceed the value of expectation damages.
• E)available as a remedy for unjust enrichment.

---

Definitions:

Bonds

Long-term debt securities issued by corporations and government entities that pay interest to the holder.

Contract Rate

A pre-agreed interest rate applied in the calculation of payments for a specific financial contract.

Market Rate

The prevailing interest rate available in the marketplace for instruments of comparable risk and maturity.

Bond Certificates

Documents that serve as legal proof of ownership of bonds, detailing the terms of the bond issue such as its maturity date, coupon rate, and issuer.