B14 roy contracts to sell his double r ranch to sam

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B14.Roy contracts to sell his Double-R Ranch to Sam on May 1. On April 20, Roytells Sam that he will not go through with the deal. Sam files a suit againstRoy. Sam can recovera.the cost of any ranch that would suit him.b.the cost of a similar, nearby ranch.
190TEST BANK B—UNIT THREE: CONTRACTS AND E-CONTRACTSc.the Double-R Ranch.d.nothing.ANSWER:C
PAGE:329TYPE:=NAT: AACSB Reflective AICPA Legal
CHAPTER 18: BREACH OF CONTRACT AND REMEDIES 191B15.For Petra to recover the benefit of her bargain from a breached real estatecontract with Quality Properties, Inc., the most appropriate remedy is
PAGE:329TYPE:=NAT: AACSB Reflective AICPA LegalB16.Russ orally agrees to pay Sara to plant and harvest a quarter of Russ’sfarm acreage for four corn-planting seasons. After Sara prepares the landand plants the first crop, Russ says that their deal is off. Sara can mostlikely recover
PAGE:331TYPE:NNAT: AACSB Reflective AICPA LegalB17.Dino  hires  Eve  to  perform  at Dino’s   Club, but  Eve  later breaches  theagreement to accept a higher-paying job at First Star Arena. Dino files asuit against Eve. The court will most likely
PAGE:331TYPE:=NAT: AACSB Reflective AICPA LegalB18.A   contract   for   a   sale   of   land   from   United   Properties,   Inc.,   to   VarietyInvestments Corporation contains an erroneous legal description. The mostappropriate remedy for these parties isa.damages.b.reformation.
192TEST BANK B—UNIT THREE: CONTRACTS AND E-CONTRACTSc.rescission.d.specific performance.ANSWER:B
PAGE:331TYPE:=NAT: AACSB Reflective AICPA Legal
CHAPTER 18: BREACH OF CONTRACT AND REMEDIES 193B19.Value Acquisitions, Inc., contracts to buy Wobbling Corporation’s assets.Wobbling   breaches   the   contract.   Value   files   a   suit   against   Wobbling,seeking various remedies. The doctrine of election of remedies has beeneliminated in contracts involving sales of
PAGE:333TYPE:=NAT: AACSB Reflective AICPA Legal

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