Multiple choice

Remedies available for breach of contract are

  1. dissolution of the firm

  2. charging extra fees from the party committing the breach

  3. suit for specific performance

  4. none of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

When a contract is breached, the injured party can seek specific performance - a court order compelling the breaching party to fulfill their contractual obligations. This remedy is available when monetary damages are inadequate, such as for unique goods or property. Dissolution and extra fees are not standard legal remedies.

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