Maggie and Nate Enter into a Contract for the Sale

question 12

Multiple Choice

Maggie and Nate enter into a contract for the sale of a car,but Nate later refuses to deliver the car.Maggie asks a court to order Nate to perform as promised.Ordering a party to perform what was promised is

• A)specific performance.
• B)damages.
• C)rescission.
• D)beyond the court's authority.

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Definitions:

Operating Activities

Operating activities relate to the core business functions of a company, including production, sales, and distribution, and their impact on the company's cash flow.

Capital Expenditures

Funds used by a company to acquire, upgrade, and maintain physical assets such as property, buildings, or equipment.

Investing Activities

Transactions involving the purchase and sale of long-term assets and investments, reflected in a company's cash flow statement.

Cash Flows

Cash flows refer to the inflows and outflows of cash and cash equivalents in a business. Understanding cash flows is crucial for assessing a company's liquidity, flexibility, and overall financial performance.