Banner enters into a contract with Sylvia to buy her house for $150,000 . Sylvia decides later not to sell because she is so emotionally attached to the house. Banner insists that he is entitled to the house. Banner can successfully sue for specific performance
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
In which of the following ways does the United Nations Framework Convention on Climate Change distribute the burden of reducing emissions among different countries?
A. It requires industrialized nations to be more responsible in controlling greenhouse emissions. B. It requires developing countries to take the lead in modifying long-term emission trend. C. It requires developing countries to help other developing countries with financial and technological help. D. It requires countries of all economic strengths to provide equal efforts in curbing greenhouse emissions.
It is sometimes the case that parties to a contract are unwilling to settle a contract because they don't want to take the blame for poor terms of the agreement. In these cases, the parties will often rely on the arbitration process to make the decisions for them. The term used to describe this problem is:
A. the chilling effect. B. the ripple effect. C. the narcotic effect. D. the arbitration effect.
References to other agreements in negotiable instruments:
a. destroy negotiability unless the recital makes the instrument subject to, or governed by, the terms of another agreement. b. do not destroy negotiability in any circumstances. c. do not destroy negotiability unless the recital makes the instrument subject to or governed by the terms of another agreement. d. None of these.
If the actual exchange rate for the euro value of the British pound is less than the exchange rate that would satisfy absolute PPP, which of the currencies is overvalued and which is undervalued? Why?
What will be an ideal response?