1
Q
Specific Performance
A
Specific performance is an equitable remedy that forces performance of the act specified in the contract when no adequate remedy at law exists, i.e., when monetary damages will not make the injured party whole. It is very rare and will be used only when the goods specified in the contract are unique (e.g., real property, original art, controlling interest in a business) or when circumstances inhibit the ability to cover (to procure substitute goods in the open market).
REG
flashcards
Decks in class (24)
# Cards
-
QBI Deduction5
-
QBI Deduction calculation3
-
Can a shareholder’s basis in an S corporation ever go below zero?1
-
corporate limit for charitable contributions2
-
Tax depreciation was in excess of book depreciation1
-
Substantial performance1
-
Prepaid rents1
-
stockholders' derivative suit1
-
Principals1
-
direct charge-off method3
-
writ of attachment over the debtor's property. The writ of attachment may encompass both real and personal property1
-
Work Opportunity Tax Credit (WOTC1
-
Partnerships Agreements In Writkng1
-
Statute Of Frauds1
-
civil penalty if a taxpayer claims withholding allowances that are based on false information1
-
the Chapter 7 means test, abuse is presumed to exist if net monthly income (current monthly income less the deduction listed below) multiplied by 60 is not less than the lesser of1
-
The bankruptcy court may dismiss a voluntary bankruptcy petition for several reasons. These include1
-
Principal And agent1
-
Apparent authority1
-
Rights are assignable unless:1
-
breach of contract under the UCC (Uniform Commercial Code):1
-
Specific Performance1
-
Tort1
-
Prommisory Estoppel1
