Which of the Following Are Foreseeable Damages Within the Contemplation

question 35

Multiple Choice

Which of the following are foreseeable damages within the contemplation of the parties at the time the contract was made,and that result from special facts and circumstances arising outside the contract itself?

• A) Consequential
• B) Punitive
• C) Liquidated
• D) Nominal
• E) Repugnant

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Definitions:

Business Venture

A new enterprise entered into for profit, often characterized by innovation, risk, and a new market or product.

Compounded Semi-annually

The process of calculating interest on both the initial principal and the accumulated interest from previous periods twice a year.

EAR

Effective Annual Rate is the actual return on an investment or the actual interest rate of a loan, taking into account the effect of compounding interest over the period.

Calculate

To calculate means to determine the amount or number of something by using mathematical processes.