Busby Contracts to Build a House for Connell

question 44

Multiple Choice

Busby contracts to build a house for Connell.Busby finishes approximately half of the house and quits.Connell files suit against Busby.Which remedy is not available?

• A) Reformation.
• B) Nominal damages.
• C) Specific performance.
• D) Compensatory damages.

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Definitions:

Corporate Governance

The system of rules, practices, and processes by which a company is directed and controlled, ensuring accountability, fairness, and transparency in the company's relationship with its stakeholders.

Top Management

The highest-ranking executives in an organization, responsible for setting strategic goals and ensuring their execution.

Stakeholder Representatives

Individuals who act on behalf of specific groups interested in or affected by the outcome of a project or decision.

Corporate Governance

The structures, policies, and practices in place within an organization to ensure accountability, fairness, and transparency in the company's relationship with its stakeholders.