Jimmy Made a Contract to Sell His Townhouse to Thomas

question 42

Multiple Choice

Jimmy made a contract to sell his townhouse to Thomas for $180,000. Two days later Jimmy changed his mind after discovering that he could have sold the property to another buyer for an additional $30,000. Thomas sues and asks the court to have the property conveyed to him at the price of $180,000. Thomas is seeking:

• A) restitution.
• B) punitive damages.
• C) specific performance.
• D) valid tender.

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Definitions:

SUTA

The State Unemployment Tax Act, which mandates employers to pay state unemployment taxes to fund the unemployment compensation programs for workers in their state.

FUTA

The Federal Unemployment Tax Act (FUTA) is a United States federal law that imposes a payroll tax on employers to fund state workforce agencies.

Unemployment Taxes

Taxes paid by employers to fund the unemployment benefits, based on the number of employees and the history of layoffs.

Employer's Payment History

A record of all the payments made by an employer, including wages, taxes, and contributions.