Pollard Enters into a Sales Contract to Purchase a Specific

question 63

Multiple Choice

Pollard enters into a sales contract to purchase a specific Picasso painting from Jenson for $15 million.When Pollard tenders payment,Jenson refuses to sell the painting.Which of the following remedy can Pollard exercise to retrieve the painting from Jenson?

• A)remedy to cover
• B)remedy to recover damages for nondelivery
• C)remedy to obtain specific performance
• D)remedy to cancel the contract

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Definitions:

Bottlenecks

Points of congestion or obstruction in a system, process, or organization where the flow is significantly slowed or stopped, leading to inefficiency or delays.

Increased Capacity

Refers to the ability of a production facility, system, or organization to handle a larger amount of work or output, typically through expansion or optimization processes.

Utilization

The measure of how efficiently resources, such as labor, equipment, and capacity, are being used in the production or service delivery process.

Break-even Point

The level of production or volume of sales at which total revenues equal total expenses, resulting in no net profit or loss.