Susan Contractually Agreed to Sell a Particular Computer to Davor

question 19

Multiple Choice

Susan contractually agreed to sell a particular computer to Davor for $5000. Although Davor paid the money, Susan refuses to actually give him the computer. A court will likely award monetary damages, rather than specific performance, to Davor because

• A) Susan has not committed a serious breach of contract.
• B) the loss of the computer is too remote.
• C) Davor has already paid the purchase price.
• D) judges do not have the authority to force the defendant to act in a particular way.
• E) monetary damages will provide Davor with an adequate remedy.

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Definitions:

Ownership Of Essential Resources

Refers to the control and claim over crucial resources needed for production, such as land, water, and minerals.

Pure Monopolists

Firms that are the sole supplier of a unique product with no close substitutes, granting them significant control over pricing.

Barriers To Entry

Obstacles that make it difficult for new competitors to enter a market, which can include high startup costs, regulatory requirements, or established brand loyalty.

Economic Profits

The excess of total revenue over total costs, including both explicit and implicit costs, signifying a return beyond the normal profit level.