Question: THE LEGAL ENVIRONMENT DIMENSION Why should House and HAI have been advised of Holiday Inns plan to grant a franchise to a different hotel in

THE LEGAL ENVIRONMENT DIMENSION Why should House and HAI have been advised of Holiday Inn’s plan to grant a franchise to a different hotel in their territory?

THE ECONOMIC DIMENSION A jury awarded HAI $ 12 million in punitive damages. The court reduced this award to $ 1 million, but the appellate court reinstated the original award. What is the purpose of punitive damages? Did Holiday Inn’s conduct warrant this award? Explain.

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