Fact Pattern 14-1 (Questions 7-8 Apply)

question 17

Multiple Choice

Fact Pattern 14-1 (Questions 7-8 apply)
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 14-1.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:

Genetic Contribution

The influence of genes inherited from parents on the physical and behavioral traits of an individual.

Divergent Thinking

Divergent thinking is a thought process or method used to generate creative ideas by exploring many possible solutions.

Flynn Effect

A term describing the observed substantial and long-term increase in both fluid and crystallized intelligence test scores measured in many parts of the world over the 20th century.

Predictive Validity

The extent to which a score on a scale or test predicts future performance or behavior.