MGT 111 Study Guide - Federal Trade Commission Act Of 1914, Intentional Tort, The Need
Document Summary
Administration: ex: state agencies public utility commissions and state licensing boards, ex: local agencies maricopa county planning commission and. The person who violated the contract may be required to live up to the agreement if money damages would not be adequate: payment of damages. Damages refer to monetary settlement awarded to a person who is injured by a breach of contract: discharge of obligation. Tying contract: requires a buyer to purchase unwanted items in order to purchase desired items. 70% of bankruptcies follow this procedure: stipulates the order in which assets are distributed among credits. First creditors with secured claims receive the collateral for their claim or repossess the claim asset (like a car or home). Then unsecured claims are paid in this order: costs involved in the bankruptcy case, any business costs incurred after bankruptcy was filed, wages, salaries, or commissions (limited to.
