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.

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."

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