1. What is the difference between legal and equitable remedies?
A buyer contracts to buy a 1941 four-door Cadillac convertible from a seller for $75,000. The seller, having found a third party who will pay $85,000 for the car, refuses to sell to the buyer. What is the buyer’s remedy? Assume the third party had paid the $85,000 and the seller was ordered to sell to the buyer. What is the third party’s remedy?
Professor Smith contracts to teach business law at State University for the academic year. After the first term is over, she quits. Can State University get an order of specific performance or an injunction requiring Professor Smith to return for the second term? Now suppose that the reason Professor Smith quit work at State University is that she got a better job at Central University, fifteen miles away. Can State University get an injunction prohibiting her from teaching at Central University?

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1a Remedy is a form of compensation offered to a person either through legal process or through out of court mutual settlement There are two types of ... View the full answer