Maggie and Nate Enter into a Contract for the Sale

question 34

Multiple Choice

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

• A)an equitable remedy.
• B)an unenforceable demand.
• C)a remedy at law.
• D)a type of harm.

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Definitions:

Direct Labor Budget

A financial plan that forecasts the costs associated with the labor directly involved in the production of goods or services.

Direct Labor-Hour

A metric indicating the total hours worked by employees directly involved in the production process, often used for costing purposes.

Labor Rate

The amount paid to an employee per unit of time, usually per hour or year.

Direct Materials Purchase Budget

A financial plan that estimates the quantities and costs of direct materials to be purchased to meet production requirements.