How does an insurance company fully perform on an insurance contract?
A) Pay out the amount specified in the contract when an event occurs B) Accept the insured premium payment C) Notify the State of the contract D) File the insurance contract with the court
A company is considering purchasing a machine for $21,000. The machine will generate income from operations of $2,000; annual net cash flows from the machine will be $3,500. The payback period for the new machine is 10.5 years.
Gloria contracts with Melody to supply her with the latest version of a new computer game for her video store's Christmas rush. Gloria substantially advertises that she will have the game for Christmas. Melody, however, does not supply Gloria with the new game. What type of damages might Gloria sue for to recover the advertising expenses?
A) Punitive B) Consequential C) Liquidated D) Nominal E) Retaliatory