Fact Pattern 13-1

question 38

Multiple Choice

Fact Pattern 13-1
Bella Homes enters into a contract to buy 132 acres from Watershed Holdings to subdivide and sell in fifth-acre lots for Pristine Meadow,a residential development.
-Refer to Fact Pattern 13-1.If Bella breaches the contract,Watershed's remedy would most likely be

• A)a certain ratio of the amount that Bella has in liquidated funds.
• B)a percentage of Bella's unrealized profit.
• C)the difference between the land's contract and market prices.
• D)specific performance.

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Definitions:

Ethics

The moral standards expected by a society.

Moral Standards

The principles that govern the behavior of individuals and institutions regarding what is right and wrong.

Society

A group of individuals involved in persistent social interaction, or a large social group sharing the same geographical or virtual territory, typically subject to the same political authority and dominant cultural expectations.

Marketing Campaign

A coordinated series of steps that include the promotion of a product or service through various media and techniques to achieve specific business goals.