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Question
In a suit against Charles, Donna obtains the cancellation of a contractual obligation, which isa. a remedy at law.
b. rescission.
c. restitution.
d. specific performance.
Answer
This answer is hidden. It contains 1 characters.
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Fact Pattern 41-1
Adam, a director of Beta Computer Company, learns that a Beta engineer has developed a new, significantly faster computer chip. Adam buys Beta stock and tells his friend Cathy, who also buys Beta stock. When the new chip is announced three weeks later, Adam and Cathy sell their stock for a big profit.
Refer to Fact Pattern 41-1. Regarding Adam's profits on the purchase and sale of Beta stock, under Section 16(b) of the Securities Exchange Act of 1934 Beta may recapture
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Fact Pattern 41-1
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Generally, states have disclosure requirements patterned after federal securities law.
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a. a bilateral agreement.
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