1. Same facts as above, except that the reasonable estimate of $5,000 in damages that would likely be incurred by Robin in the event of breach turned out to be less than Robin’s actual damages. Robin actually incurred $7,500 in damages as a result of the breach. How much will Robin get if she sues?
a. Nothing
b. $5,000
c. $7,500
d. $12,500
2. Chris and Kate are at a pool party. Chris approaches Kate from behind and pushes her in the pool. Kate is injured. Which of the following torts has Chris committed?
a. Assault.
b. Battery.
c. Assault & Battery.
d. None of the above.
3. Which of the following is INCORRECT?
a. Marketing is interested in finished goods inventory and prefers high levels of inventory
b. Finance is interested in capital tied up in all types of inventory and prefers low levels of inventory
c. Production is interested in raw materials inventory and prefers high levels of inventory
d. Logistics is not interested in inventory and prefers to deal only with transportation decisions
4. A contract for the sale of 5 million frozen pizzas is governed by:
a. The Uniform Commercial Code (UCC)
b. Common Law
c. None of the above