If the Legal Remedies for Breach of Contract Are Not

question 44

True/False

If the legal remedies for breach of contract are not adequate to fully remedy a party's injuries, a court has the discretionary right to grant an equitable remedy.

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Definitions:

Finished Goods Inventory

The stock of completed products that are ready to be sold but are still in inventory.

Cost of Goods Sold

Expenses directly related to manufacturing goods that a firm sells.

Finished Goods

Merchandise that has been through the manufacturing phase and is now ready for customer purchase.

Accounts Receivable

Financial obligations customers have towards a business for received goods or services that remain unpaid.