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Answer the following multiple choice:

Question 6 0.25 pts Peterson owned the "Heart of the Ocean" sapphire and diamond necklace worn by Kate Winslett in the movie Titanic. He signed a contract to sell the necklace to Dawson for $15,000,000, which was its appraised value. The next day, Peterson called Dawson and told him the deal was off. If Dawson sues Peterson for breach of contract and wins, what is the most likely remedy a court would grant? An award of punitive damages to Dawson in the amount of $20 million Issue an injunction prohibiting Peterson from engaging in commerce for two years Order Peterson to sell the necklace to Dawson on the agreed terms O An award of compensatory damages to Dawson in the amount of $1.5 million Order the parties to submit their dispute to binding arbitration Previous Next