Which of the Following Are Damages for Lost Profits a Buyer

question 37

Multiple Choice

Which of the following are damages for lost profits a buyer may recover in the event of a breach of contract?

• A)Nominal
• B)Consequential
• C)Reformation
• D)Nominal,consequential,and reformation
• E)Nominal and consequential,but not reformation

---

Definitions:

Learned Response

A behavior that has been acquired or modified as a result of experience or conditioning.

Extinction

In psychology, the gradual weakening and disappearance of a conditioned response tendency; in biology, the dying out of a species.

Commission

An instruction, command, or duty given to a person or group of people.

Fixed-ratio Schedule

This is a schedule of reinforcement where a response is rewarded only after a specified number of responses.