Bread & Bagels Bakery Enters into a Contract with Cineplex

question 27

Multiple Choice

Bread & Bagels Bakery enters into a contract with Cineplex for discounted tickets for Bread & Bagels' employees.Cineplex breaches the contract and Bread & Bagels enters into a contract with DigiMovies for the same service at a lower price.Bread & Bagels might be awarded nominal damages to

• A)establish,as a matter of principle,that Cineplex acted wrongfully.
• B)provide Bread & Bagels with funds for a foreseeable loss beyond the contract.
• C)provide Bread & Bagels with funds for its loss of the bargain.
• D)punish Cineplex and set an example to deter others from similar acts.

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Definitions:

Operating Expense

Expenses incurred through normal business operations, such as rent, utilities, and payroll.

Income Statement

A financial statement that shows a company's revenues, expenses, and profit or loss over a specific period.

Current Liability

A company's debts or obligations that are due within one year or within the normal operating cycle.

Receiving Payment

The process of collecting money from customers or clients in exchange for goods or services rendered.