Rangle Contracts with Siena to Buy a Certain Horse for Her.Rangle

question 37

Multiple Choice

Rangle contracts with Siena to buy a certain horse for her.Rangle makes a deal with Timberline Stables,the owner of the horse,and makes a down payment.Siena fails to pay the rest of the price.Timberline sues Rangle for breach of contract.His right to hold Siena liable for any damages that he has to pay is the right of

• A)avoidance.
• B)cooperation.
• C)indemnification.
• D)reimbursement.

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Definitions:

CPI

This index measures the average prices across a specified set of consumer goods and services, weighted accordingly, to serve as a benchmark for inflation, known as the Consumer Price Index.

Consumer Price Index

A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, used to estimate the economy's inflation rate.

Inflation Rate

The annual percentage increase in the general price level of goods and services, reflecting the rate at which the purchasing power of currency is eroded.

Market Basket

A fixed list of items, used to track the progress of inflation in an economy or to compare costs of living.