Salim Has Entered into a Contract with Jenna to Buy

question 16

Multiple Choice

Salim has entered into a contract with Jenna to buy her land for $50,000.Salim has paid the amount in full.However,Jenna has not transferred the land to Salim.Salim decides to sue Jenna to request a court order to compel Jenna to transfer the land as per the contract.Which of the following remedies is the court most likely to enforce in this case?

• A) rescission
• B) consequential damages
• C) substantial performance
• D) liquidated damages
• E) specific performance

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Definitions:

Optimal Quantity

The most efficient amount of a product or service that minimizes costs and maximizes profitability.

Normally Distributed

Describes a statistical distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values differ from the mean.

Operational Decision

Decisions made to manage day-to-day activities of an organization, affecting its efficiency and effectiveness.