Len Agrees to Sell Doug Some Choice Ocean-Front Property

question 245

Multiple Choice

Len agrees to sell Doug some choice ocean-front property. If Len later refuses to convey the land, Doug may sue for:

• A) liquidated damages
• B) specific performance
• C) ratification damages
• D) punitive damages
• E) none of the other choices since contract law does not apply to real property agreements

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Definitions:

Personal Mission Statement

A written declaration of an individual's core values and purpose, intended to serve as a guide for personal behavior and decisions.

Determine Life's Purpose

The process of introspection and self-discovery aimed at understanding one’s core intentions and goals in life to provide direction and meaning.

Self-Assessment

The evaluation of one's own abilities, performance, or qualities.

Goal-Setting

The process of identifying specific, measurable, achievable, relevant, and time-bound objectives one intends to accomplish.