Max and Lew Have Entered into a Contract for Lew

question 19

Multiple Choice

Max and Lew have entered into a contract for Lew to paint Max's house.The contract specifically states that the job was to be completed by August 25.Lew completes the job on August 26.Max has suffered no loss due to the delay.The job was otherwise done exactly to all contract requirements and specifications.If Max sues Lew for breach of contract due to the missed completion date and if the courts were to award damages,what type of damages would most likely be awarded?

• A) punitive damages
• B) consequential damages
• C) restitution
• D) nominal damages

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Definitions:

State-Dependent

Referring to the phenomenon where the ability to retrieve information is influenced by the physiological or emotional state at the time of learning.

Analogical Learning

Acquiring new knowledge or solving problems by drawing parallels between similar situations or concepts.

Base

In marketing, the foundational audience or customer segment that a company focuses on or starts with.

Target

An objective or goal that an individual, group, or organization aims to achieve or reach.