Which of the Following Is NOT True Regarding Specific Performance

question 62

Multiple Choice

Which of the following is NOT true regarding specific performance?

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

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Definitions:

Journal Entry

A journal entry is a record of a financial transaction in the accounting books, indicating the accounts and amounts to be debited and credited.

Outstanding Checks

Checks that have been written and recorded in the account ledger but not yet cleared or cashed by the bank.

EFT Deposit

An electronic funds transfer deposit, which represents the digital transfer of money into a bank account.

Petty Cash Fund

is a small amount of cash kept on hand by a business for making immediate and minor payments, reducing the need for check transactions.