College President Wally Contracts with Alice to Teach Business Law

question 14

Multiple Choice

College president Wally contracts with Alice to teach business law.Alice does a fine job teaching but gets mad at Wally and will not turn in grades.What type of order would Wally seek to require Alice to abide by her contract?

• A) An order of specific performance
• B) A compensatory order
• C) A nominal order
• D) A consequential order
• E) A demand order

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Definitions:

Market Equilibrium

A market state where the supply of goods matches demand, with stable prices and quantities.

Area Representation

A system of electing representatives from specific geographical areas, typically used in legislative bodies.

Price

The expenditure necessary to secure a good or service.