Andrew,a Carpenter,entered into a Contract with Steven for the Construction

question 12

True/False

Andrew,a carpenter,entered into a contract with Steven for the construction of a garage on Steven's property for $5,000.Andrew had constructed the entire garage except for the small door,when he refused to complete the contract.Steven is entitled to ask the court for an order of specific performance of the contract.

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Definitions:

Cartel

An association of manufacturers or suppliers that agree to fix prices, limit supply, or restrain competition in a particular market.

Temptation to Cheat

The inclination to engage in dishonest behavior for personal gain, especially when one believes the likelihood of facing consequences is low.

Established Price

A fixed price determined by an agreement or authority, often used in contexts where prices are regulated or negotiated.

Oligopolistic Behavior

Competitive strategies and actions taken by companies in an oligopoly market structure, where a few firms dominate.