Refer to the Information Provided in Table 10

question 44

Multiple Choice

Refer to the information provided in Table 10.3 below to answer the questions that follow.
Table 10.3
-Refer to Table 10.3. The net worth of People's Bank is $________.

• A) 1,000,000
• B) 800,000
• C) 300,000
• D) 200,000

---

Definitions:

Lost Profits

Represent potential earnings that were not realized due to a breach of contract or other wrongful act.

Out-of-Pocket Rule

A legal principle used to calculate damages based on the actual direct losses and costs incurred by a plaintiff.

Misrepresents

To provide false or misleading representations about something, often with the intention to deceive.

Damage Award

A damage award is the amount of money granted to a party in a lawsuit for compensation for loss, injury, or harm suffered as a result of another party's actions.