For Petra to recover the benefit of her bargain from a breached real estate contract with River City Properties, Inc., the most appropriate remedy is
A. damages.
B. quasi-contractual recovery.
C. rescission.
D. specific performance.
Answer: D
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Which of the following is an example of a credit memorandum?
a. Service charge notice b. Collection of a note receivable by the bank c. Outstanding check d. Company error in recording a $600 deposit as $500
Which of the following statements is true of the impact of the economic recession on consumers' mindset?
A. Consumers have begun to shift from a cautious spending approach to a cutting back mentality. B. A majority of consumers have started to act on impulse and buy whatever they desire to buy. C. A large number of consumers are opting to buy rather than rent homes, cars, and clothes. D. Consumers have begun to reevaluate their paradigm or the way they look at products.
A check may fall under Uniform Commercial Code Article 3 as a negotiable instrument and be subject to UCC Article 4 in the course of collection.
Answer the following statement true (T) or false (F)
Team effectiveness is evaluated on these desired team outcomes: ______.
A. performance and development B. norming and forming C. technical and empathetical D. controlling and delegating