Which Is Not a Correct Statement Concerning the Remedy of Specific

question 23

Multiple Choice

Which is not a correct statement concerning the remedy of specific performance?

• A) The subject matter of the contract must generally be unique.
• B) An award of monetary damages would be an inadequate remedy.
• C) The granting of specific performance is discretionary with the court.
• D) It is generally available in all breach of contract cases.

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Definitions:

Entrepreneurs

Individuals who initiate, manage, and assume the risks of starting and operating a new business venture.

Setbacks

Unforeseen events or challenges that slow progress or cause plans to be revised.

Equity Financing

Raising capital through the sale of shares in a company, thus providing investors with part ownership in exchange for funds.

Entrepreneur

An individual who identifies a business opportunity and organizes, operates, and assumes the risk for a business venture, with the aim of making a profit.