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Capital budgeting decisions can only involve mutually exclusive projects.
Punitive Damages
Financial compensation awarded to the plaintiff in a lawsuit, over and above the actual damages, intended to punish the defendant for egregious conduct.
Tort Action
A lawsuit initiated due to a civil wrong that causes a claimant to suffer loss or harm, leading to legal liability for the person who commits the tortious act.
Remedies
Legal means or actions through which a right is enforced or the violation of a right is compensated or prevented.
Vicarious Liability
A legal principle whereby an individual or entity is held responsible for the actions or omissions of another person, typically an employee, in the course of their employment.
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