Which of the Following Is a Contract Remedy Whereby the Defendant

question 77

Multiple Choice

Which of the following is a contract remedy whereby the defendant is ordered to perform according to the terms of his or her contract?

• A)Rescission
• B)Specific performance
• C)Promissory estoppel
• D)Restitution

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Definitions:

Monopolist

An entity that is the sole provider of a particular product or service in a market, possessing significant market power and control over prices.

Output

The amount of goods or services produced by a person, machine, factory, or company within a certain period.

Demand Schedule

A diagram indicating the volume of goods or services that consumers can and will buy at assorted prices.

Marginal Cost

The investment needed to make an extra unit of a good or service.