Which Form of Damages Involves a Court Ordering a Party

question 16

Multiple Choice

Which form of damages involves a court ordering a party to a contract to perform his/her obligations under the contract?

• A)Quasi-contract
• B)Specific performance
• C)Rescission
• D)Promissory estoppel

---

Definitions:

Working Capital

The difference between a company's current assets and current liabilities, indicating the liquidity of the business.

Acid-Test Ratio

The acid-test ratio, also known as the quick ratio, measures a company's ability to pay its short-term liabilities with its most liquid assets.

Quick Ratio

A liquidity measure indicating a company's ability to cover its current liabilities with its most liquid assets, excluding inventory.

Book Value Per Share

A financial metric showing the portion of a company's net asset value attributable to each share of stock.