Solomon Filed a Complaint Stating: "I Was Driving My 2000

question 108

Multiple Choice

Solomon filed a complaint stating: "I was driving my 2000 Lexus carefully and under the speed limit on Sunrise when I came to the intersection of Sunrise and Madison. Garcia was driving his 2002 Ford Pickup on Madison when he ran a red light and collided with my Lexus, causing damages to the Lexus. I demand $12,000 from McKinsey to pay for the damages to my Lexus and $10,000 for medical bills and lost wages." Solomon has made a claim for

• A)nominal damages.
• B)compensatory damages.
• C)punitive damages.
• D)penal damages.

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Definitions:

Countersignature

A second signature on a document that confirms or approves the initial signature, providing an additional level of security or authentication.

Designated Date

A specific date that has been appointed or set aside for a particular purpose or event.

Collecting Bank

A collecting bank is a bank that handles the collection of payments on behalf of a depositor, including processing checks and drafts.

Federal Reserve Bank

The central banking system of the United States, responsible for determining national monetary policy and regulating financial institutions.