What proposition does CASE 1.3 Wilcox Investment, L.P. v. Brad Wooley Auctioneers, Inc., et al., 454 S.W.3d
Question:
What proposition does CASE 1.3 Wilcox Investment, L.P. v. Brad Wooley Auctioneers, Inc., et al., 454 S.W.3d 792 (Ark. Ct. App. 2015) stand for?
A. Money damages are just as adequate as specific performance to remedy a breach of contract allegation.
B. Specific performance may ordered by a court when awarding monetary damages is inadequate to remedy the wrong done.
2. What proposition does PFC 1.1 U.S. v. Ulbricht, 31 F. Supp. 3d 540 (S.D.N.Y. 2014) stand for?
A) Bitcoin is a form of currency which satisfies the legal definition of "funds" thus Bitcoin can form the basis of a money laundering charge even if Bitcoin fails to meet other criteria which satisfies the definition of "money" in other contexts.
B) Bitcoin is not physical but rather it is digital and thus cannot be considered "money."
Expert Answer:
Case Propositions 1 Wilcox Investment LP v Brad Wooley Auctioneers Inc et al 454 SW3d 792 Ark Ct App ... View the full answer
Legal Environment of Business A Managerial Approach Theory to Practice
ISBN: 978-1259686207
3rd edition
Authors: Sean Melvin, Enrique Guerra Pujol
