________ Occurs When the Court Orders the Defaulting Party to Live

question 55

Multiple Choice

________ occurs when the court orders the defaulting party to live up to the terms of the contract.

• A) An injunction
• B) Specific performance
• C) An accounting
• D) Quantum meruit
• E) Compensation

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Definitions:

Standard Costs

Predetermined costs for materials, labor, and overhead that are used as benchmarks for measuring actual performance and cost control.

Cost System

A method of accumulating, assigning, and absorbing costs in an organization, used for financial reporting and decision-making.

Raw Material

The basic material from which a product is made, often used in manufacturing or production processes.

Pounds

A unit of weight commonly used in the British, United States customary and other systems of measurement.