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Afina-wow [57]
3 years ago
8

Salim has entered into a contract with Jenna to buy her land for $50,000. Salim has paid the amount in full. However, Jenna has

not transferred the land to Salim. Salim decides to sue Jenna to request a court order to compel Jenna to transfer the land as per the contract. Which of the following remedies is the court most likely to enforce in this case?a. Rescission.b. Substantial performance.c. Consequential damages.d. Specific performancee. Liquidated damages.
Business
1 answer:
Vaselesa [24]3 years ago
5 0

Answer: Specific performance  

           

Explanation: In simple words, specific performance refers to a remedy in a law under which the court orders the guilty party to perform a specific act in a specific manner.

In the given case, Salim wants to acquire the land he was expecting from Jenna thus no other performance can satisfy that specific need.

Hence he will get remedy under specific performance.

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4 years ago
Journalize the following transactions for the Evans Company. Assume the company uses a perpetual inventory system.
marta [7]

Answer:

Evans Company

General Journal

Part a.

Debit : Cash $645

Debit : Cost of goods sold $375

Credit : Sales Revenue $645

Credit : Merchandise $375

Part b.

Debit : Cash $432

Debit : Cost of goods sold $195

Credit : Sales Revenue $432

Credit : Merchandise $195

Part c.

Debit : Accounts Receivable $670

Debit : Cost of goods sold $438

Credit : Sales Revenue $670

Credit : Merchandise $438

Part d.

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Credit : Cash $85

Explanation:

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4 0
3 years ago
Data related to the inventories of Costco Medical Supply are presented below: Surgical Surgical Rehab Rehab Equipment Supplies E
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Answer:

$85

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Selling price     $260                  $100           $340               $165

Cost                  $170                     $90           $250              $162

Costs to sell     $30                      $15              $25                 $10

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the NRV is also the lower of cost since $85 < $90

6 0
4 years ago
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