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Precise Engineering Corporation Has a Contract with Quik Mart Stores

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Precise Engineering Corporation has a contract with Quik Mart Stores to provide customized software for Quik's inventory control system.Retail Outlets,Inc,Quik's competitor,induces Sam,a Precise subcon?trac?tor who is writing code for the Quik software,to delay delivery of the code for one week.As a result,Precise's delivery of the software is delayed,and Quik sustains $500,000 in lost profits.On what ground could Quik recover damages from Retail Outlets?


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A Credit Rating

A measure used by creditors to determine the ability of a borrower to pay back debt.

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The market price at which a bond is traded, which can fluctuate based on interest rates and the bond’s credit rating among other factors.

The National Post

A Canadian English-language national newspaper.

Term Structure

Pertains to the connection between interest rates or yields on bonds and varying durations or maturities.

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