Builders,Inc

question 27

Multiple Choice

Builders,Inc.,agrees to construct an office building for Champion Fitness Clubs,Inc. The project proceeds according to plan,but before it is done,Champion tells Buildersto quit. Buildersmay recover

• A)the contract price less costs of materials and labor.
• B)the contract price.
• C)the costs needed to complete construction.
• D)profits plus the costs incurred up to the time of the breach.

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Definitions:

Corporate Social Action

Initiatives taken by a company to assess and take responsibility for its effects on environmental and social wellbeing.

Iron Law of Responsibility

The principle that businesses and organizations must act in a socially responsible way to maintain their societal legitimacy and ensure long-term success.

Socioeconomic

Relating to or concerned with the interaction of social and economic factors, often used to describe the social standing or class of an individual or group.

Neo-capitalist

A term referring to the modern or new form of capitalism that includes a mix of traditional capitalist principles and innovative practices or policies.