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The Advent of Netflix Movie Streaming and Redbox Kiosks Renting

question 113

Multiple Choice

The advent of Netflix movie streaming and Redbox kiosks renting DVD and Blu-ray movies have virtually demolished the market for video rentals from brick and mortar stores such as Blockbuster. This is an example of


Definitions:

Breach of Contract

The failure to perform any term of a contract, written or verbal, without a legitimate legal excuse.

General Damages

Compensation awarded for non-monetary losses suffered due to a breach of contract or tort, such as pain and suffering or loss of reputation.

Incidental Damages

Financial losses indirectly resulting from a party's failure to meet a contractual obligation.

Trade Secrets

Confidential business information that provides an enterprise a competitive edge and is protected from disclosure by law.

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