Carolyn agrees to sell Marianne an antique handmade lace tablecloth for $1,500. When Carolyn discovers that her cousin wants it too, she breaks the contract with Marianne. Marianne can ask the court to order:
A) nominal damages.
B) specific performance.
C) restitution.
D) equitable rescission.
B
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Refer to Instruction 8.1. The risk of strategy #1 is that interest rates might go down or that your credit rating might improve. The risk of strategy #2 is: (Assume your firm is borrowing money.)
A) that interest rates might go down or that your credit rating might improve. B) that interest rates might go up or that your credit rating might improve. C) that interest rates might go up or that your credit rating might get worse. D) none of the above
Launching the initial key activities should occur during the ______ phase.
A. prelaunch B. launch C. postlaunch D. sustaining
Which of the following statements is FALSE?
A) When the CEO is also chairman of the board, the nominating letter offering a seat to a new director comes from her. This process merely serves to reinforce the sense that the outside directors owe their positions to the CEO and work for the CEO rather than for the shareholders. B) Over time, most of the independent directors will have been nominated by the CEO. Even though they have no business ties to the firm, they are still likely to be friends or at least acquaintances of the CEO. C) Researchers have found the surprisingly robust result that larger boards are associated with greater firm value and performance. D) The CEO can be expected to stack the board with directors who are less likely to challenge her.
On January 1, Year 2, Grande Company had a $75,200 balance in the Accounts Receivable account and a $3800 balance in the Allowance for Doubtful Accounts account. During Year 2, Grande provided $211,000 of service on account. The company collected $264,300 cash from accounts receivable. Uncollectible accounts are estimated to be 1% of sales on account.Based on this information, the amount of cash flow from operating activities that would appear on the Year 2 statement of cash flows is:
A. $2110. B. $19,850. C. $264,300. D. $3860.