In a Suit Against Owen,Phil Obtains Specific Performance

question 61

Multiple Choice

In a suit against Owen,Phil obtains specific performance.This is

• A)an order to do or to refrain from doing a particular act.
• B)an order to perform what was promised.
• C)a payment of money or property as compensation.
• D)the cancellation of a contract.

---

Definitions:

Partnership Contract

A legally binding agreement between partners that outlines the terms, conditions, and operation of a partnership.

Writing

The representation of language in a textual medium through the use of a set of characters or symbols.

Capitalization

Refers to the total amount of a company's outstanding shares multiplied by the current market price of one share.

Commence Business

The act of starting operations or activities of a business upon completing necessary legal and regulatory steps.