Specific Performance Refers to a Remedy When the Court

question 362

Multiple Choice

Specific performance refers to a remedy when the court:

• A) requires the defendant to place the plaintiff back into the economic position they had before the injury in question was inflicted
• B) directs the defendant to stop doing certain activities
• C) orders the defendant to do what he had promised the plaintiff he would do
• D) orders the defendant to pay compensatory damages to the plaintiff
• E) all of the other choices are correct

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Definitions:

Substitution Effect

Variations in consumption habits influenced by the change in prices of goods in comparison to each other, leading to a preference shift among consumers from one good to another.

Cheaper

Describes goods or services being offered at a low price, especially in relation to comparable items.

More Expensive

Refers to items or services that have a higher cost or price in comparison to others.

Budget Constraint

The cap on the various combinations of goods and services a consumer is capable of purchasing, dictated by their earnings and the costs of these products and services.