BUSN 420 week 8 Final Exam Complete Solution.docx

School: DeVry University           Price: $30.00 USD

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BUSN 420 week 8 Final Exam Complete Solution.docx

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BUSN420 Week 8 : Final Exam LAW - Final Exam1. (TCO 1) Your company owns a piece of land and is in the middle of purchasing this property to expandtheir footprint in the community. At the last minute, the seller has backed out of the deal, leaving you withfew options. Your supervisor wants to explore the options for remedies in this case.What remedies would be available given the type of transaction and outcome at stake? Would legaldamages make the company whole? What equitable remedies may be available? Explain your answerhighlighting the difference between remedies at law and remedies at equity? (Points : 20)Equitable remedies are rarely used for contact breaches. They may be used if there is no other way tocompensate an Innocent party and also in the sale of unique objects and in the sale of land.In Equity there is only one remedy the specific performance where you make the person perform thecontact.Remedies at law are ways to right a wrong that are specified in the laws, such as making you paya person back, or posting a bond against future performance or seizing (repossessing) property. The keyis that they are standard and defined in the laws and usually are monetary. Some courts are allowed toapply the principles of equity instead of or in addition to those of law. Equity courts emerged to coversituations where there was no law or the law didn't provide proper remedies. Equity courts don't setprecedents. Remedies in equity are more often injunction
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