Arnold Contracted to Sell Bielar an Office Building for $500,000

question 42

Multiple Choice

Arnold contracted to sell Bielar an office building for $500,000. The entire amount according to the contract was to be paid at the closing. Arnold refused to close the deal. Bielar sued Arnold. To what relief is Bielar entitled?

• A) Punitive damages
• B) Injunction
• C) Specific performance
• D) Rescission

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Definitions:

Business Strategy

A plan of action designed to achieve a long-term or overall aim within the business sector, considering internal and external factors.

Succession Problem

The issue of who will run a business when the current head leaves.

Leadership

The act of guiding, directing, or influencing followers and orchestrating strategies to achieve a common goal.

Family Business

A business owned and controlled by members of a family.