Rural Power Utility,Inc

question 13

Multiple Choice

Rural Power Utility,Inc.,enters into a contract with Shovel Excavation Service to dig up,replace,and rebury Rural's cables in a certain location.Rural advances Shovel 10 percent of its cost.The parties rescind the contract.Shovel's refund of the payment is

• A)a penalty.
• B)liquidated damages.
• C)restitution.
• D)a breach of contract.

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Definitions:

Fluid Intelligence

The ability to think abstractly, reason, identify patterns, and solve new problems without relying on previous knowledge.

Puzzles

Problems or enigmas that require ingenuity and often persistence to solve, typically for entertainment.

Crystallized G

Crystallized intelligence, a form of intelligence that involves the ability to use skills, knowledge, and experience to solve problems and adapt to new situations.

Fluid G

Referred to as fluid intelligence, it is the capacity to think logically and solve problems in novel situations, independent of acquired knowledge.