Taking an Idea and Offering a Way to Do Something

question 76

Multiple Choice

Taking an idea and offering a way to do something slightly better than it is done presently refers to

• A)imitative strategy.
• B)incremental strategy.
• C)status quo strategy.
• D)innovative strategy.

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Definitions:

Punitive Damages

Financial compensation awarded to a plaintiff that goes beyond what is necessary to compensate for losses and is intended to punish the defendant for egregious conduct.

Illegal Penalty

A punishment or consequence for an action that is not legally authorized or that exceeds the bounds set by legal statutes.

Power of Avoidance

The legal ability to declare a contract null and avoid its obligations due to reasons such as fraud, misrepresentation, or other substantive grounds.

Contractual Capacity

The lawful capacity of an individual to engage in a contract that is enforceable.