In Non-Contractual Relationships, in Order to Force the Principal to Perform

question 82

Multiple Choice

In non-contractual relationships, in order to force the principal to perform the contract, the agent may seek which of the following?

• A) Specific performance
• B) Specific recoupment
• C) Adequate performance
• D) Reformation
• E) Recover for services rendered

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Definitions:

Compounded Options

A financial derivative instrument that contains an option that itself has a feature making its payoff at least partially dependent on the future level of interest rates.

GICs

A kind of investment in Canada known as Guaranteed Investment Certificates that provide a promised return rate for a specified duration.

Nominal Annual Rates

The stated annual interest rate of a loan or investment, not accounting for compounding within the year.

Compounded Semiannually

The process where interest is calculated and added to the principal sum of a loan or deposit twice a year, leading to interest on interest.