A Contract for a Sale of Land from Evergreen Properties,Inc

question 30

Multiple Choice

A contract for a sale of land from Evergreen Properties,Inc. ,to Longlife Investment Corporation contains an erroneous legal description.The most appropriate remedy for these parties is

• A)damages.
• B)reformation.
• C)rescission.
• D)specific performance.

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Definitions:

Operational Support

Services and activities provided to ensure the efficient operation of a business, including technical assistance, maintenance, and customer service.

Joint Venture

A business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task or business activity.

Domestic Firm

A company that operates primarily within the borders of its home country, focusing on the production and sale of goods and services to local customers.

Foreign Company

A business entity that is incorporated in a country other than the one in which it operates or conducts its primary business activities.