The Remedy of Specific Performance Will Be Granted Only If

question 18

Multiple Choice

The remedy of specific performance will be granted only if

• A) the buyer cannot buy substitute goods elsewhere.
• B) the goods are unique.
• C) the goods are no longer being offered for sale by other sellers.
• D) all of these.

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Definitions:

Horizontal Equity

The principle that individuals with similar income or assets should pay the same amount in taxes.

Vertical Equity

A principle in taxation where taxpayers with a greater ability to pay, pay more in taxes, demonstrating a progressive tax system.

Small Economy

An economy that is limited in size, characterized by a smaller population, lower GDP, and less impact on international markets compared to larger economies.

Horizontal Equity

A principle in taxation that asserts that individuals with the same income or resources should pay the same amount in taxes.