Marty and Locke Have a Contract According to Which Marty

question 21

Multiple Choice

Marty and Locke have a contract according to which Marty will deliver 10,000 widgets to Locke on 15 September 2009.On 1 September 2009 Marty calls Locke and informs Locke that he will not be able to deliver any of the widgets.Which of the following is not a possible consequence?

• A)Locke rescinds the contract and finds another supplier.
• B)Locke sues Marty for damages.
• C)Marty is ordered by the court to complete the contract (specific performance).
• D)Marty is ordered to pay a fine.

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Definitions:

Statement

Similar to an invoice; a summary of total amounts owed, including outstanding charges as well as payments received for services provided by the office.

Previous Month

A term referring to the month that directly precedes the current month in the calendar.

Itemized List

A detailed list where individual items or elements are separately presented and often described or quantified.

Diplomatic Way

A strategy or method that involves handling situations in a sensitive, tactful, and effective manner, often to maintain good relationships and avoid conflict.