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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One effect on the accounting equation when a firm borrows money is
a. stockholders' equity decreases. b. assets increase. c. liabilities decrease. d. assets decrease.
The party who agrees to act on the behalf of another is the:
A) employer. B) agent. C) principal. D) boss.
As one of the key management functions, leading focuses on a manager's efforts to
A. mobilize people to contribute their ideas. B. build a dynamic organization. C. make sure goals are met. D. identify opportunities for sustainable advantage. E. build organizations that are flexible and adaptive.
Consideration is required for an effective assignment
Indicate whether the statement is true or false