Fact Pattern 12-1

question 72

Multiple Choice

Fact Pattern 12-1
Estelle enters into a contract to buy 132 acres from Desmond to subdivide and sell in quarter-acre lots for Country Acres, a residential development.
-Refer to Fact Pattern 12-1.If Estelle breaches the contract,Desmond's remedy would most likely be

• A)a certain ratio of the amount that Estelle has in liquid funds.
• B)a percentage of Estelle's unrealized profit.
• C)the difference between the land's contract and market prices.
• D)specific performance.

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Definitions:

Airline Companies

Businesses that provide air transport services for traveling passengers and freight.

Tickets

Documents or electronic codes that grant the holder a right to enter a venue, travel on a vehicle, or participate in an event.

Tying Arrangement

A business practice where a seller requires the purchase of a secondary product or service in addition to a primary product or service.

Vacuum Cleaners

Electrical appliances used for cleaning floors and other surfaces by suctioning up dust and dirt.