Clutch Auto Parts Enters into a Contract with Bio Health

question 31

Multiple Choice

Clutch Auto Parts enters into a contract with Bio Health Club for discounted memberships for Clutch's employees.Bio breaches the contract and Clutch enters into a contract with Apex Fitness for the same service at a lower price.Clutch might be awarded nominal damages to

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

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Definitions:

Ownership Transfer

The process by which the legal rights and responsibilities of owning an asset or property are transferred from one party to another.

Financial Plans

Strategic documents that outline an entity's current financial situation and long-term monetary goals, including strategies for achieving them.

Business-to-Business

Refers to transactions or relationships between businesses rather than between a business and individual consumer.

Purchasing Cooperative

An organization owned and operated by a group of individuals for their mutual benefit, specifically to increase their bargaining power and obtain goods or services at better prices.