Global Enterprise Corporation Enters into a Contract with HealthCare Insurance

question 15

Multiple Choice

Global Enterprise Corporation enters into a contract with HealthCare Insurance Company to obtain insurance for Global employees. If HealthCare breaches the contract and Global is awarded compensatory damages,the purpose would be to

• A)establish,as a matter of principle,that HealthCare acted wrongfully.
• B)provideGlobal with funds for a foreseeable loss beyond the contract.
• C)provideGlobal with funds for its loss of the bargain.
• D)punishHealthCare and deter others from similar acts.

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Definitions:

Output Per Million BTUs

The amount of a product or service produced per million British Thermal Units of energy consumed.

Thomas Malthus

An English economist and demographer known for his theory that population growth would outstrip food supply, leading to poverty and famine.

Birthrates

Birthrates measure the number of live births per thousand people in a population over a specific period, reflecting the rate at which a population is growing.

Living Standards

Indicate the wealth, comfort, material goods, and necessities available to an individual or society.