Question

Nelson, an accountant, enters into a contract to provide services to Operational Processes, Inc. (OPI). Nelson does not finish the work within the contract’s deadline. This causes OPI to fail to meet certain other deadlines owed to Prime Bank, which results in the firm’s payment of penalties to the bank. OPI may be entitled to:_____________

Answer 1

Answer: Damages

Step-by-step explanation:

A contract is an agreement between two parties made binding by law. When one of the parties involved fails to uphold their own end of the contract, this is known as a breach of contract. Depending on the severity of the breach, the party who breached the contract may be sued to court for damages. In this question, the breach is material, enough to make OPI pay penalties to Prime bank, therefore OPI is entitled to sue Nelson for damages.