Jill Enters into a Contract to Buy a Certain Building

question 10

Multiple Choice

Jill enters into a contract to buy a certain building from Kim. At the closing, Kim refuses to transfer title. In a suit for breach, Jill should seek specific performance to

• A) return the parties to the positions they occupied before the contract.
• B) obtain the exact bargain promised in the contract.
• C) reform the contract to reflect the parties' true intentions.
• D) make the terms reasonable and enforce the contract as reformed.

Calculate the unemployment rate in various contexts.

Define and distinguish between employed, unemployed, discouraged workers, and not in the labor force.

Identify factors that influence changes in the unemployment rate.

Describe different types of unemployment (frictional, structural, cyclical, seasonal).

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Definitions:

Preferred Stock

A class of ownership in a corporation that has a higher claim on its assets and earnings than common stock, often with predetermined dividend payments.

Cumulative

Describing something that increases or accumulates over time, often used in reference to dividends or data.

Par Value

A nominal or face value assigned to securities, such as stock, which has no direct relation to their market value.

Paid-in Capital

The amount of money that a company receives from issuing shares of stock, representing the funds contributed by shareholders in exchange for ownership interest.