Lisa informed Misty she would buy her a new wardrobe for her upcoming 15th birthday. Essentially, Lisa

Question:

Lisa informed Misty she would buy her a new wardrobe for her upcoming 15th birthday.
Essentially, Lisa and Misty have entered into a legal contractual situation, the terms of which are enforceable under the law. In the event that Lisa fails to purchase the promised wardrobe, Misty can seek legal remedy against Lisa through the courts.
1.
a. True
b. False
Which of the following is described as a contract remedy in which the parties involved must
relinquish what was transferred in the contract?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Intermediate accounting

ISBN: 978-0077647094

7th edition

Authors: J. David Spiceland, James Sepe, Mark Nelson

Question Posted: