Pure Oil Company Enters into a Contract with QuikBilt,Inc

question 15

Multiple Choice

Pure Oil Company enters into a contract with QuikBilt,Inc.,to construct an offshore oil pipeline to withstand specific conditions.If QuikBilt fails to meet this standard,which is construed as a breach of contract and a breach of a duty of care,Pure might be awarded punitive damages to

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

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Definitions:

Civil War-Era

A period surrounding the American Civil War (1861–1865), characterized by significant political, social, and military upheavals in the United States.

Paper Money

Currency in the form of banknotes, which has no intrinsic value but is used as a medium of exchange, authorized and supported by a government.

King Cotton Diplomacy

An attempt during the Civil War by the South to encourage British intervention by banning cotton exports.

Great Britain

A sovereign nation located off the northwestern coast of mainland Europe, comprising England, Scotland, and Wales.