Use the Information for the Question(s)below

question 13

Multiple Choice

Use the information for the question(s) below.
Big Cure and Little Cure are both pharmaceutical companies.Big Cure presently has a potential "blockbuster" drug before the Food and Drug Administration (FDA) waiting for approval.If approved,Big Cure's blockbuster drug will produce $1 billion in net income for Big Cure.Little Cure has 10 separate less important drugs before the FDA waiting for approval.If approved,each of Little Cure's drugs would produce $100 million in net income for Little Cure.The probability of the FDA approving a drug is 50%.
-What is the expected payoff for Little Cure's ten drugs?

• A)$500 million
• B)$100 million
• C)$1 billion
• D)$0

Calculate damages and apply remedies in situations of contract breaches involving the sale of goods.

Recognize the conditions under which specific performance and cover can be employed as remedies.

Determine the rights of sellers and buyers regarding the recovery and rejection of goods, including situations of insolvency.

Differentiate between types of damages (liquidated, incidental, consequential) within the context of UCC remedies.

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Definitions:

Copyright Infringement

The unauthorized use of copyrighted material without permission from the copyright holder, violating their exclusive rights.

Restrictive Employment Contract

A contract between an employer and employee that limits the latter's actions both during and after the period of employment, often including clauses like non-compete, non-disclosure, and non-solicitation.

Patent And Trademark Office

An agency of the U.S. Department of Commerce responsible for granting patents for inventions and registering trademarks.

Federal Law

Legislation that has been enacted by the national government and applies throughout the country.