Punitive Damages Are Almost Never Available in Contract Disputes

question 36

True/False

Punitive damages are almost never available in contract disputes.

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Definitions:

Least Costly Way

Refers to a method or strategy that aims to achieve a particular goal or produce a specific outcome with the minimum possible expense or use of resources.

Inferior Good

A type of good for which demand decreases as the income of consumers increases, inversely related to income elasticity.

Demand

The amount of a product or service that consumers are prepared and capable of buying at different price levels over a specific time frame.