Stanislav Contractually Agreed to Sell a Piece of Land to Tien

question 1

Multiple Choice

Stanislav contractually agreed to sell a piece of land to Tien for $250 000.When the time came to transfer title, however, Stanislav refused to complete the transaction.Tien consequently refused to pay any part of the price and justifiably sued for specific performance.At that time, the market value of the land was $300 000.The case was not decided by a court for five years.The judge then held that Stanislav was liable for breach of contract.At that time, the land was worth $400 000.If the court awards damages, Tien is entitled to receive

• A)$250 000.
• B)$400 000.
• C)$300 000.
• D)$150 000.
• E)$50 000.

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Definitions:

Carrying Capacity

The maximum number of individuals of a species that an environment can support sustainably without degrading.

Earth's

Pertaining to the third planet from the Sun, known for its vast oceans, atmosphere, and diverse life forms; our home planet.

Exponential Growth

A growth pattern in which the rate of growth is proportional to the current size, resulting in a rapid increase over time.

Survivorship

The percentage of members of a group that are likely to survive to any given age.