Jones Entered into a Contract to Purchase a 1957 Edsel

question 132

Multiple Choice

Jones entered into a contract to purchase a 1957 Edsel automobile from Smith for $2000. Unknown to Smith, Jones had an opportunity to resell that car for $5000 to Brown, who wanted to use it as a prop in a movie being shot in town. Before the car was delivered and payment made, it was destroyed by fire when one of Smith's employees carelessly spilled a can of gasoline in the garage where the car was kept. If the court found that the normal market value for such a vehicle was only $3000, which of the following statements is correct with respect to the appropriate remedy that should be awarded by the court for such a breach of contract?

• A) Because of the uniqueness of the vehicle, the court should award specific performance.
• B) In these circumstances, the court should award $5000, representing the lost profits.
• C) In these circumstances, there should be no remedy since the contract has been frustrated.
• D) The court should award only $1000, the difference between the market price and the purchase price.
• E) The court could award $3000.

Recognize the anatomy and functions of the male reproductive system.

Describe the conditions affecting the prostate and their management.

Know the terminology used in the diagnosis and treatment of male reproductive disorders.

Understand the concept and treatment options for erectile dysfunction.

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Definitions:

Decentralized

The distribution of functions, powers, or people away from a central location or authority, often applied in contexts such as government, technology, and organizational structures.

Organizational Structure

Describes the system of task, workflow, reporting, and authority relationships within a company; it determines how the roles, power, and responsibilities are assigned, controlled, and coordinated, and how information flows between the various levels of an organization.

Power To Make Decisions

The authority or capacity to determine actions or policies within an organization or personal scope.

Divisional

Pertains to a structural strategy in organizations where operations are divided based on distinct products, services, markets, or geographical locations.