Specific Performance Will NOT Generally Be Available for Breach of a Contract

question 78

Multiple Choice

Specific performance will NOT generally be available for breach of a contract for

• A)sale of goods.
• B)contracts requiring unique personal skill or judgment.
• C)sale of goods that have been custom-made.
• D)sale of works of art.
• E)sale of antiques.

Recognize the impact of cognitive biases and logical fallacies on reasoning and decision-making.

Grasp the arbitrary nature of linguistic symbols and the role of arbitrariness in language development.

Comprehend the principles of inductive and deductive reasoning in everyday judgment and decision-making.

Appreciate the influence of language on thought and vice versa, exemplified by the linguistic relativity hypothesis.

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Definitions:

Barriers to Entry

Obstacles that prevent new competitors from easily entering an industry or area of business.

Industry Structure

The characteristics that influence the nature of competition and pricing in a particular industry, including the number and size of firms, entry barriers, and product differentiation.

Government Restrictions

Regulations imposed by authorities to control or limit certain activities, behaviors, or operations.

Exclusive Right

A legal provision giving the holder the sole permission to produce, use, or sell a particular commodity or concept.