Which Type of Value Reflects What We Want to Accomplish

question 60

Multiple Choice

Which type of value reflects what we want to accomplish?

• A) intrinsic
• B) ​extrinsic
• C) ​primary
• D) ​terminal
• E) ​instrumental

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Definitions:

Specific Performance

A legal remedy in contract law which mandates the exact performance of an agreement, rather than a monetary award for breach.

Rescission

The act of revoking, cancelling, or annulling a contract, returning all parties to their pre-contractual states.

Restrictive Covenant

A clause in a deed or lease that limits what the owner of the land or property can do with it.

Breach of Contract

Occurs when one party in a contractual agreement fails to fulfill their obligations as specified in the contract, entitling the other party to legal remedies.