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

---

Definitions:

Contract Price

The agreed-upon price for goods or services specified in a contractual agreement.

Installment Sales Method

Accounting method that recognizes revenue when payments are received rather than at the point of sale.

Revenue

The total income generated by a company from its business activities, such as sales of goods or services, before any expenses are deducted.

Income

The financial gain earned by an individual or a company, usually measured over a specific time period and derived from various sources like sales or investments.