Larry wanted to buy a 1957 Cadillac once owned by Reggie Jackson. Larry entered into a contract with the owner agreeing to pay $102,000 . The owner subsequently changed his mind. If Larry sues, what remedies are potentially available?
Larry could seek specific performance. Since the item is unique and a similar vehicle is not readily obtainable, the court could order the owner to sell the car to Larry by ordering specific performance.
Although specific performance would be available, Larry could choose to seek compensatory damages, assuming he could establish an amount with reasonable certainty.
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Which of the following is a data collection mode in which an interviewer reads questions, either face-to-face or over the telephone, to the respondent and records the answers?
A) person-administered survey B) computer-administered survey C) self-administered survey D) hybrid survey E) mixed-media survey
Select the incorrect statement regarding cost structures.
A. Faced with significant uncertainty about future revenues, a low leverage cost structure is preferable to a high leverage cost structure. B. The more variable cost, the higher the fluctuation in income as sales fluctuate. C. Highly leveraged companies will experience greater profits than companies less leveraged when sales increase. D. When sales change, the amount of the corresponding change in income is affected by the company's cost structure.
What is the difference between a convenience goods store and a shopping goods store?
What will be an ideal response?
Szandór is a small business owner who thinks it is more important to spend money on marketing his current product line than to invest in research to develop new products. Which psychological bias is Szandór displaying?
A. illusion of control B. cognitive conflict C. affective conflict D. framing effects E. discounting the future