Specific Performance Is the Primary Remedy Used to Make a Party

question 77

True/False

Specific performance is the primary remedy used to make a party live up to his or her obligations under a personal services contract.

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Definitions:

Real Interest Rate

The rate of interest an investor, saver, or lender receives (or expects to receive) after allowing for inflation.

Capital Investment

The spending of money on resources intended to benefit a business in the long term, such as by acquiring assets or improving infrastructure.

Inflationary Premium

The portion of interest rates or returns that compensates investors for the anticipated erosion of purchasing power due to inflation.

Money Rate

Often referring to the interest rates in financial markets; the cost of borrowing money.