Emerald, Inc enters into a contract to purchase 3,000 chipsets from Atlas, Inc It agrees to pay $10 for each chipset. Atlas manages to deliver only 2,700 chipsets on the stipulated day, leading to a loss in profit for Emerald
The contract did not include a clause about the damages to be paid. If a court decides that Atlas must pay monetary damages, which of the following types of damages will be awarded by the court?
A) liquidated
B) nominal
C) compensatory
D) punitive
C
Business
You might also like to view...
You decide to go to a consumer cooperative to buy supplies for your class party. Prices are cheaper there mainly because consumer cooperatives _____.
(A) Require members to work 20 hours a month (B) Help members sell their products (C) Charge annual membership fees (D) Make large purchases
Business
Seminars and conferences used for MPR purposes should position organization outsiders as subject matter experts
Indicate whether the statement is true or false
Business