Which of the Following Is Classified as an Equitable Remedy

question 1

Multiple Choice

Which of the following is classified as an equitable remedy?

• A) consequential damages
• B) reformation
• C) restitution
• D) liquidated damages

---

Definitions:

Consolidated Buildings

Buildings and related assets that are combined into one entity for accounting and financial reporting purposes, typically within a group of companies.

Buildings (Net)

The value of a company's buildings after accounting for depreciation and impairment, reflecting the current value of these assets on the balance sheet.

Fair Value

The sum to be gained from an asset liquidation or the amount to settle a liability in a conscientious market exchange on the designated day for appraisal.

Fully Amortized

A term that describes a loan or mortgage for which all the principal and interest payments have been completed over the term, leaving no balance.