Outstate Properties,Inc

question 2

Multiple Choice

Outstate Properties,Inc.(OPI) ,agrees to sell certain acreage to Pia.OPI repudiates the deal.Pia sues OPI and recovers dam?ages.Pia can now obtain

• A)an amount in quasi contract.
• B)damages representing restitution.
• C)specific performance of the deal.
• D)nothing more.

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Definitions:

Revealed Preferences

is an economic theory that infers consumers' preferences based on their purchasing habits, assuming that their choices reveal their preference structure.

Francs

A currency that was previously used in countries like France, Switzerland, Belgium, and Luxembourg, with some forms still in use today in a limited capacity.

Consumption

The use of goods and services by households or the economy, often seen as a primary indicator of economic health.

Revealed Preferences

A concept in economics that studies consumer behavior based on the choices they make, revealing their preferences.