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Week Two End Of Chapter Problems - Online Essays

Week Two End Of Chapter Problems

Business Law
MGMT597

Week Two Homework Problems:

14.2. The Sacketts win. The Statute of Frauds provides that oral contracts for the sale of land are invalid unless in writing. Where, however, the party seeking to enforce the conveyance has partially performed the contract, so as to render recession inequitable and unjust, the contract may be outside of the statute. Thus, where it appears that a vendee has taken continuous and exclusive possession under the contract and has made improvements, or where other equitable considerations are present, specific performance will be granted. Among the relevant equitable considerations that may justify specific performance, a court will ...

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agreed with the lower court that there was sufficient evidence of part performance of the oral contract to render it specifically enforceable. Thus, the judgment in favor of the Sacketts was affirmed. Briggs v. Sackett, 418 A.2d 586, 1980 Pa. Super. Lexis 2034 (Pa.App.)

16.10. Yes, an order of specific performance is an appropriate remedy in this case. Specific performance may be decreed where the goods are unique or in other circumstances where money damages do not adequately compensate the plaintiff. In this case, the court found that the uniqueness of Claiborne's cosmetics line, including its distinctive package, is obvious. Moreover, the court found that money damages would not adequately compensate Claiborne for such intangibles as how the destruction of the Claiborne cosmetic line will affect the other business carried on under the Claiborne name. The closing of a much-publicized venture and its failure to supply stores would do nothing to enhance its reputation with ...

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PAPER DETAILS
Added: 7/27/2013 12:29:38 AM
Submitted By: tobirogers
Category: Business
Type: Free Paper
Words: 724
Pages: 3

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