An Intangible Loss

question 29

Multiple Choice

An intangible loss

• A)is a loss that has market value.
• B)traditionally resulted in expectation damages.
• C)usually triggers the remedy of an account of profits.
• D)usually leads to reliance damages.
• E)may be the subject of damages if the contract was intended to provide "peace of mind" to the plaintiff.

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Definitions:

Formal Operational

The final stage in Piaget's cognitive development theory, characterized by the ability to think abstractly, reason logically, and manage problems systematically.

Egocentrism

A cognitive characteristic where an individual is unable to distinguish between their own perspective and that of others, often seen in early childhood development.

Pretend Play

A form of play among children where they imitate roles and activities of people around them or characters from stories, as a way to make sense of the world.

Conservation

In psychology, the ability to understand that certain properties of objects, like volume or mass, remain unchanged even when their forms or appearances change, typically associated with Piaget's stages of cognitive development.