Multiple Choice
Arnie and Matt are involved in a car accident.Immediately before the accident,Arnie was observed speeding and driving erratically.On the other hand,Matt was obeying the speed limit and driving in a very cautious and responsible manner.As a result of the accident,Matt's car needs $2,500 worth of repairs and Matt loses a week's salary because he has to take time off to recover from injuries sustained during the crash.Which of the following statements best describes the nature of the damages in this case?
A) Both the repairs and the lost wages are compensatory damages.
B) The repairs are compensatory damages, and the lost wages are consequential damages.
C) The repairs are consequential damages, and the lost wages are compensatory damages.
D) Both the repairs and the lost wages are consequential damages.
Correct Answer:

Verified
Correct Answer:
Verified
Q33: Compensatory damages cover a broad spectrum of
Q34: Which of the following involves a third-party
Q35: Sharon has contracted with Craig to buy
Q36: Burt and Mel have entered into a
Q37: Specific performance is almost always available when
Q39: When parties agree to an accord and
Q40: What is the difference between compensatory damages
Q41: The process by which parties to a
Q42: Anticipatory repudiation may be used when a
Q43: Unless a contract for services calls for