Which of the Following Allows a Party Who Has Materially

question 77

Multiple Choice

Which of the following allows a party who has materially breached a contract to recover the reasonable value of any benefits he has conferred on the promisee?

• A)Quasi-contract
• B)Anticipatory repudiation
• C)Specific performance
• D)Accord and satisfaction

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Definitions:

Non-controlling Interest

Equity interest in a subsidiary not held by the parent company, representing a share of the subsidiary’s net assets and profits.

Voting Shares

Shares that give the shareholder the right to vote on company matters, such as elections for the board of directors; instrumental in controlling the company.

Open Market

A market with no barriers to free market activity, where any buyer or seller can trade freely.

Buying and Selling Activity

Transactions involving the purchase and sale of goods and services, analyzed to assess a company's operational performance.