Which of the Following Is Not an Equitable Remedy

A court may issue specific performance as an alternative remedy to damages depending on the circumstances. First juries are not used in equitable cases.

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21 Which of the following is an equitable remedy.

. The doctrine of stare decisis means that. UCCs rules regarding damages include This answer was rated. Equitable relief is a court-granted remedy that requires a party to act or refrain from performing a particular act in cases where legal remedies are not considered to provide sufficient restitution.

It is also called a just or equitable remedy. 22 Which type of damages are damages to which parties to a contract agree in advance should be paid if the. An equitable remedy is a contract remedy that restores the parties to the same position they would have been in if no breach of contract occurred.

Third and of most significance where what is sought by the nonbreaching party is not moneythat is where there is no adequate legal remedyequity may afford relief. Specific Performance Resititutionary Quantum Meruit Non-pecuniary damages Injunction Unjust enrichment. The equitable remedy of contract reformation means that the court will instruct the parties to rewrite their original contract in a way that will reflect the true intentions of.

Examples of Equitable Remedies. Specific performance is only granted where damages alone would be an inadequate remedy though damages may be ordered as well as specific performance. Which of the following are not equitable remedies.

Minimum sales requirements Commissions Sales competitions None of the above. Legal vs Equitable Remedies Identifying the difference between Legal and Equitable Remedies is not complex. Liquidated Damages Rescission Quiet title Foreclosure Liquidated Damages Equitable Remedy is a non-monetary remedy no money.

Equitable relief can also be offered if legal damages are not available. In common law jurisdictions there are a variety of equitable remedies but the principal remedies are. Which of the following is not an equitable remedy.

In closing it should be noted that equitable remedies are discretionary only not available as of right as is the case with a common law award of damages. Which is the principle of creating a fair and just outcome. Which of the following is not an equitable remedy.

Its intention is to restore the original conditions for the injured party. This example involves two parties Ann and Cheryl. Damages must be inadequate.

But that does not mean that a party or parties that are bound by a contract do not sometimes breach them. Equitable remedies are distinguished from legal remedies which are available to a successful claimant as of right by the discretion of the court to grant them. Examples of equitable remedies include remedies obtained in situations involving a breach of contract.

The court can also modify the contract terms. It is not therefore applied where the claimant could easily purchase replacement goods or performance. In general there are three primary equitable remedies that parties typically receive from a court.

Which of the following are not equitable remedies. That is why contracts are often binding and legally enforceable. Instead of imposing a fine equitable remedy is when the court orders the defendant to complete a contract as originally agreed.

All of the above. Legal remedies allow the non-breaching party to recover monetary damages. Which of the following tends to encourage unethical behavior.

Second equity relies less on precedent and more on the sense that justice should be served. Then there is an equitable remedy. Equitable Remedies Do Not Include One Of The Following.

These new remedies underline the point that the whole purpose of equitable remedies is that they should operate where an award of damages is an inadequate remedy and justice is not served. A common law system relies heavily on the judiciary as a source of law and on the adversary system for settling disputes. This step is taken when payment alone is not sufficient to make up for damages.

The equitable remedy is not available as of right or is at the courts discretion. Up to 25 cash back Which of the following is NOT an Equitable remedy under the common law. The party seeking restitution breaches.

Legal Remedy is compensatory damages which is MONEY. Which of the following is not an equitable remedy. One party breaches the agreement.

Which of the following is NOT an Equitable remedy under. The common law has not been able to evolve in a stable and predictable manner. Ann signs a contract to sell a gold.

Which of the following is NOT an example of statutory law a. Contracts can be viewed as tools that businesses use to avoid disputes. Incapacity or misrepresentation voids the contract.

This type of remedy is really an action prescribed by the court to resolve the matter. Choose the one alternative that best completes the statement or answers the question. 58Reformation allows a court to rewrite a contract to reflect.

Economics questions and answers. These include the following equitable remedies. Common equitable remedies include the following.

Question 38 options. 57Specific performance is the remedy customarily used when one party has breached a contract for personal services. Which of the following is not an equitable remedy.

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