Alan Entered into a Written Contract for the Purchase of a House

question 153

Multiple Choice

Alan entered into a written contract for the purchase of a house owned by Joe.But as the time to move approached, Alan discovered that Joe was refusing to move out and refusing to transfer the property.Apparently a dissatisfied customer had driven through the showroom window of Joe's new car dealership causing him considerable expense.Joe could no longer afford to purchase the new luxury home in Langley to which he had intended to move.Which of the following is the appropriate remedy in these circumstances for Alan, who really wants the house?

• A)Specific performance
• B)Damages
• C)Injunction
• D)Rescission
• E)No remedy

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Definitions:

Population Standard Deviation

The standard deviation of the entire population under study, representing the total variability within the population data.

Observed Z Value

A standardized statistic that represents the number of standard deviations a data point is from the mean of a distribution.

Sample Mean

The average value of a sample set of a population, used as an estimate of the population mean.

Population Average

The mean value of a particular characteristic in a specified population, representing a central tendency.