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:

Russian Capitalism

The economic system in Russia characterized by private ownership and market competition, shaped significantly by the country's unique historical and political context.

Organized Crime

Structured groups that engage in illegal activities for profit, such as drug trafficking, extortion, and money laundering.

Well-defined Hierarchy

A clearly organized system where entities or people are ranked one above the other according to status or authority.

Code Of Conduct

A set of rules outlining the responsibilities or proper practices for an individual, party, or organization.