Alan Entered into a Written Contract for the Purchase of a House

question 28

Multiple Choice

Alan entered into a written contract for the purchase of a house owned by Joe. As the time to move approached, Alan discovered that Joe was refusing to move out and refusing to transfer the property. Apparently a dissatisfied customer had driven through the showroom window of Joe's new car dealership, causing him considerable expense. Joe could no longer afford to purchase the new luxury home into which he had intended to move. Which of the following is the appropriate remedy in these circumstances for Alan, who really wants the house?

• A) Specific performance
• B) Damages
• C) Injunction
• D) No remedy
• E) Rescission

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Definitions:

Competitive Bidding

A procurement process where suppliers submit proposals or bids to win a contract, often leading to lower prices through competition.

Fixed Costs

Costs that do not change with the level of production or sales activity, such as rent, salaries, and insurance.

Seasonal Variation

Fluctuations in business activity, sales, or other economic indicators that occur at regular intervals based on the season.

ACCC

The Australian Competition and Consumer Commission, a regulatory body responsible for enforcing laws to prevent unfair market practices and protect consumer rights.