Joe Jones Entered into a Written Contract with Smith Department

question 38

Multiple Choice

Joe Jones entered into a written contract with Smith Department Store to buy a television for $350.Ten other stores in the area are selling the identical television for $400.Joe attempted to give Smith Department Store the $350, but it refused to go through with the contract.Joe sued Smith Department Store for breach of contract in a court that hears both equity and common law cases.Joe will be awarded

• A) specific performance.
• B) $400.
• C) $350.
• D) $ 50.

---

Definitions:

Cross-docking

A logistics practice where incoming shipments are unloaded directly from supplier or manufacturing transport onto outbound trucks, trailers, or rail cars with minimal or no storage in between, reducing inventory holding times and costs.

Inventory Investment

The purchase of goods and materials that a company holds in anticipation of future sales, representing a significant part of its assets.

Radio Frequency Identification

A technology that uses electromagnetic fields to automatically identify and track tags attached to objects, containing electronically stored information.

Geographic Efficiency

Refers to the optimization of spatial distribution and location-specific strategies for businesses or services to maximize reach and minimize costs.