Fact Pattern 12-1

question 67

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 Desmond breaches the contract,Estelle's remedy would most likely be

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

---

Definitions:

Ethical Behavior

Conduct that is consistent with what society and individuals typically think are good values, involving honesty, fairness, and integrity.

Power Sharing

The distribution of authority and decision-making among multiple stakeholders or groups, often to ensure balanced governance.

Group Member Input

Contributions or feedback provided by individuals within a group, pivotal for collaborative decision-making and shared understanding.

Promises

Commitments or assurances given by a person or organization to do something or to behave in a certain way.