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

question 24

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 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.

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Definitions:

Competitor

An individual or company that competes against others for the same market share or audience in an industry.

Win-Win Solution

A resolution to a conflict where all parties involved obtain a favorable outcome.

Collaboration

The process of two or more people or organizations working together to complete a task or achieve a goal.

Necessary

Required to be done, achieved, or present; needed; essential.