Vivian sells phony stock certificates to Michael to make a quick buck and pay off her loan shark. When Vivian’s scheme is revealed and Michael sues her, the court awards Michael $10,000 for the money he lost and an additional $5,000 to punish Vivian for her wrongdoing. What type of damages are the $5,000?Multiple ChoiceCompensatoryConsequentialLiquidatedNominalPunitive

16.Question 16Jessica manufactures components for a product. She has sued one of her customers, Michael, in the United States for payment. Michael claims that the components that Jessica delivered were defective. They are now negotiating a possible settlement. Jessica is asking the court to award her 400,000 in damages and she agreed to pay her attorney a 30% contingency fee. There is a 50% chance that she will win. If they go to court, she estimates that Michael’s attorney’s fees will total 80,000. Based on a decision tree calculation, the value of Jessica’s litigation BATNA based only on these facts is (select one):1 point400,000.280,000.200,000.140,000.110,000.none of the above.

If the seller resells, he may also recover Blank______ damages, but the seller must give the buyer Blank______ for any expenses that the seller saved because of the buyer’s breach of contract.Multiple choice question.consequential; discountintentional; creditincidental; creditconplementary; discount

A negligence case with a claim of $4million damages

Assume Sandra ordered a cake for her sister's wedding from CakeLike. She insisted through the contract that she needs the cake delivered on the day before the wedding. But CakeLike failed to deliver it even on the wedding day. Also, Sandra was unable to find another alternative cake for the day. In this scenario, Sandra can recover consequential damages caused by CakeLike by showing that _________.Multiple choice question.the contract price was higher than the cost price of the substitute goodsCakeLike made profits out of the sales contractCakeLike knew about the potential damages in case of nonperformance of its obligationsSandra could have prevented damages by obtaining substitute goods

An injured buyer can recover consequential damages from a seller by showing that: ________.Multiple choice question.the seller knew (or should have known) she could have prevented damages by obtaining substitute goodsthe seller made (or should have made) profits out of the sales contractthe contract price is higher than the cost price of the substitute goodsthe seller knew (or should have known) the buyer would suffer damages if the seller failed to perform