Goods and Services Should Be Obtained From

question 44

Multiple Choice

Goods and services should be obtained from:

• A)Authorised and pre-vetted suppliers.
• B)Suppliers that ask for the lowest price.
• C)Suppliers that provide the highest quality.
• D)Suppliers within the closest geographic proximity to the company as this will provide lower transport costs.

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Definitions:

Injunction

A judicial order requiring a person to do or cease doing a specific action, preventing irreparable harm or injustice.

Money Damages

Compensation awarded to a party in a lawsuit for losses or injuries suffered due to the other party's actions or negligence.

Specific Performance

A legal remedy requiring a party to fulfill their obligations under a contract, rather than simply paying damages for failing to do so.

Hadley v. Baxendale

A landmark English court decision from 1854 that established the principle for determining damages in breach-of-contract cases, emphasizing foreseeability of damages.