Specific performance is generally unavailable for shares that are what?
AFreely traded in the market
BRegistered in two names
CIssued at a share premium
DHeld by company promoters
Answer & Solution
Correct answer: A. Freely traded in the market
Such shares can be bought elsewhere on the market, so damages are an adequate remedy.
Keep practising Breach of Contract and its Remedies
Browse all Breach of Contract and its Remedies questions for CA Foundation, or explore more Businesslaw topics.
Related questions
A contractor quits a school job midway. For work done, he claims on what basis?A liquidated sum must approximate likely loss assessed when?At common law a liquidated damages clause fails when its purpose is to do what?Damages that are uncertain or depend on contingencies are called what?Liquidated damages are an amount that the parties fix when?Which remedy can bar an employee from working for a rival when specific performance fails?At common law, a claimant's rights were limited to what?Which circumstance generally defeats specific performance?