Which of the Following Statements Is True with Respect to the Law

question 4

Multiple Choice

Which of the following statements is true with respect to the law of damages?

• A) Damages are intended to punish the wrongdoer for breaching the contract.
• B) Damages are awarded for a breach of a condition but not for a breach of warranty.
• C) If a contract contains a liquidated damages clause, the party who has breached the contract has agreed to pay to the party wronged an amount equal to all the loss that directly and naturally flows from the breach.
• D) Damages are an order from the court for the breaching party to perform the contract as he or she agreed to do.
• E) A deposit is an amount of money a party to a contract agrees to forfeit if he or she breaches the contract.

---

Definitions:

Productivity Factors

Elements that influence the efficiency and effectiveness with which resources are transformed into goods and services.

Highest Paying

Describing occupations or jobs that offer the most significant amount of monetary compensation.

Output Per Worker

A measure of productivity calculated by dividing the total output of goods or services by the number of workers.

Natural Resource Endowments

The stock of natural resources, like minerals, forests, and waterways, that a country possesses, which can influence its economic development.