An Equitable Remedy Where the Court Modifies a Contract Is

question 12

Multiple Choice

An equitable remedy where the court modifies a contract is

• A)reformation.
• B)rescission.
• C)restitution.
• D)reliance.

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Definitions:

Net Income

The net income of a company, which is the remaining amount after deducting all costs and taxes from the total revenue.

Sales

The revenue a company earns from selling goods or services in its normal operations.

Operating Expenses

Costs associated with running a business's core operations on a daily basis, excluding costs of goods sold.

Merchandising Companies

Companies that purchase goods in a finished condition and sell them without further processing, making profit through the buying and selling of merchandise.