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:

VALS Framework

A tool used to categorize consumers into eight distinct types based on their responses to a questionnaire, which assesses psychological traits that influence purchasing behavior.

Consumer Groups

Organizations or collectives formed to protect the interests of consumers by advocating for consumer rights and providing education on various issues.

Segmenting Variable

Characteristics of individuals or groups used to divide a market into segments for targeted marketing.

Pre-Qualified

The state of having been evaluated and deemed eligible for something, such as a loan or service, based on preliminary criteria.