Which of the Following Is NOT True Regarding Specific Performance

question 60

Multiple Choice

Which of the following is NOT true regarding specific performance?

• A) It will be granted frequently in contracts involving the sale of goods.
• B) It will not be granted if money damages would be adequate to compensate the injured party.
• C) The courts will not order directly the specific enforcement of contracts for personal services.
• D) It is granted in contracts involving unique items of personal property.

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Definitions:

GAAP

A set of widely accepted accounting norms and standards, referred to as Generally Accepted Accounting Principles, for the preparation of financial statements.

Line Positions

Roles in an organization directly involved in its core activities and responsible for achieving its primary objectives, as opposed to support or administrative positions.

Vice President

An officer in a company or institution, ranking below a president and typically responsible for a specific department or function.

Managerial Accounting Reports

Financial documents that provide detailed financial and operational information tailored to the needs of a company's management for decision making.