Fact Pattern 18-B1

question 12

Multiple Choice

Fact Pattern 18-B1
A enters into a contract to buy 132 acres from B to subdivide and sell in quarter-acre lots for C Acres, a residential development.
-Refer to Fact Pattern 18-B1. If B breaches the contract, A's remedy would most likely be

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

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Definitions:

Estimated Percent

A calculated approximation, often used in statistics, reflecting the portion or fraction of a whole represented as a percentage.

Selection Biases

The distortion of statistical analysis resulting from the method of collecting samples, leading to non-representative samples that do not reflect the true population.

Favorable

Expressing approval or support; advantageous or beneficial in nature.

Dramatic

Pertaining to drama; characterized by aspects of drama or theatrical performance, often implying an emotional or unexpected event.