With Regard to Damages,which of the Following Is False

question 174

Multiple Choice

With regard to damages,which of the following is false?

• A)Where a loss can be calculated,such as where wages already lost are involved or where more money had to be paid to accomplish a contractual purpose,this is referred to as special damages.
• B)Where damages have to be estimated,as in compensation for pain and suffering or an estimate of future lost earnings,this is referred to as general damages.
• C)In a breach of contract case for punitive damages to be awarded,there must be stand-alone wrongful conduct present.
• D)An example of damages would be a case of rescission where a buyer would return a car to the seller and the seller would return the purchase price as well as any incidental repair expenses.
• E)Normally,punitive damages designed to punish the breaching party rather than compensate the victim for the loss are not available for breach of contract.

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Definitions:

Income Increase

A rise in the amount of money received by individuals or entities, typically through earnings, investments, or bonuses.

Normal Good

A good for which demand increases when consumer income rises, and falls when consumer income decreases, all other factors being equal.

Student Income

The amount of money earned or received by students from employment, grants, stipends, or other sources while pursuing their studies.

Demand RISE

An increase in the quantity of a product or service that consumers are willing and able to purchase at a given price.