A Court Is Likely to Order Specific Performance When

question 65

Multiple Choice

A court is likely to order specific performance when .

• A) it rules that the plaintiff should be in the same position as it was in before entering into the contract
• B) the plaintiff seeks a correction in the terms of the agreement
• C) the dollar damages are insufficient compensation for the breach of contract
• D) it wishes to prevent a person from performing a particular action

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Definitions:

Work In Process

Inventory that is currently being manufactured but is not yet complete.

Direct Materials

Direct materials refer to the raw materials that are directly incorporated into a finished product and are integral to its production, easily traceable to the goods being produced.

Raw Materials Purchased

The complete expense of raw materials purchased by a company for production purposes over a given period.

Raw Materials Inventories

Stocks of unprocessed materials that are used in the manufacturing process to produce finished goods.