Asked by Tyasia Dennis on May 17, 2024
Verified
Bell, an accountant, enters into a contract to provide services to Consumer Staples Inc. Bell fails to meet a regulatory deadline for the work. Required to pay a fine, the company files a suit against Bell. Most likely, the court will order
A) Bell to pay the amount of the fine as damages to the firm.
B) Bell to meet the next deadline but not to pay damages.
C) Consumer Staples to drop its suit and pay its fine.
D) Consumer Staples to secure another professional to finish the work.
Regulatory Deadline
A specific date by which a requirement set forth by a regulatory authority must be met.
Pay a Fine
The act of giving money as a penalty for violating a rule or law.
Damages
Financial compensation ordered by a court to be paid to a person who has suffered loss or injury.
- Understand the legal and ethical implications of failing to meet contractual obligations and regulatory deadlines.
Verified Answer
CP
Camila Pesantes M.May 22, 2024
Final Answer :
A
Explanation :
Bell's failure to meet a regulatory deadline, resulting in a fine for Consumer Staples Inc., constitutes a breach of contract. Therefore, the court is most likely to order Bell to compensate the firm for the damages incurred, which in this case is the amount of the fine.
Learning Objectives
- Understand the legal and ethical implications of failing to meet contractual obligations and regulatory deadlines.