Fact Pattern 22-1 Nelson, an Accountant, Enters into a Contract to Provide Services

question 33

Multiple Choice

Fact Pattern 22-1
Nelson, an accountant, enters into a contract to provide services to Operational Processes, Inc. (OPI) . Nelson does not finish the work within the contract's deadline. This causes OPI to fail to meet certain other deadlines owed to Prime Bank, which results in the firm's payment of penalties to the bank.
-Refer to Fact Pattern 22-1.OPI may be entitled to​

• A) ​payment from Nelson of the amount of the penalties in damages.
• B) ​specific performance of any future contract with Nelson.
• C) ​an injunction against future breaches of contract by Nelson.
• D) ​no damages or other relief because Nelson is not liable.

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Definitions:

Family Unit

A social group in society typically consisting of parents and their children living together as a single household.

Age Grades

Social categorizations based on age, often used in various cultures to organize community roles and responsibilities according to life stages.

Open-class Societies

Societies characterized by fluidity in social mobility and the absence of rigid caste systems, allowing individuals to change their social status.