ETH 321 Course Great Wisdom / tutorialrank.com ETH 321 Course Great Wisdom / tutorialrank.com | Page 34

Identify the type of equitable remedy in which a court orders a party
to refrain from taking a particular action.
Adrian, who runs a café, has a contract with Mariam, who is a
supplier. The contract states that Mariam will provide hundred
cartons of cocoa powder to Adrian every week for a set price.
However, after making the contract, Mariam realizes that there is an
error in it. The price is much lower than had been agreed. Mariam
decides to have the terms of contract changed. The court rules that
the price term of the contract be revised. What type of remedy is
illustrated in the scenario?
What is true about specific performance as an equitable remedy for
contract breaches?
What is true about the formation of a sole proprietorship?
Identify the true statement about general partnerships.
Anita and Sameera own a salon together. Anita manages the
business and takes management decisions herself. On the other
hand, Sameera has only invested capital in the business. According to
the agreement, Anita assumes responsibility for all the debts and
liabilities of the salon, but Sameera is liable only for the amount that
she contributed to the business. What type of business form is
illustrated in the scenario, assuming necessary documents are filed
with the appropriate jurisdiction?
Which statement is true in the context of limited liability companies
(LLCs)?
Which of the following business firms is most likely to be a limited
liability partnership (LLP)?