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.

Question

Quizplus · Accepted Answer

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.

Bell, an Accountant, Enters into a Contract to Provide Services