Allegra Independently Owns and Operates Southwest Style, a Small Business

question 107

True/False

Allegra independently owns and operates Southwest Style, a small business with about 30 employees. She is happy with the size of her business, the profits it generates, and also with the type of products it sells. Allegra's business would be considered an entrepreneurial venture.

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Definitions:

Punitive Damages

Compensation awarded in a lawsuit as a punishment to the defendant and to deter future similar conduct, above and beyond mere compensation for losses.

Defendant

Someone or an organization that stands accused or is being sued within a legal court system.

Award

The result of an arbitration process or a decision by a judge that gives one party a legally binding benefit, such as monetary damages.

Restatement (Second) of Torts

A legal document that provides a comprehensive summary of tort law in the United States, including principles, definitions, and case examples to clarify the laws.