Ellen has a contract with Sue to buy her riding lawn mower for $200. Ellen has given Sue $200 in cash, and Sue has given Ellen possession of the mower. What is the status of this contract between Sue and Ellen?
a. Executory
b. Executed
c. Illusionary
d. Adhesionary
Ans: b. Executed
Business
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In a case in which a buyer purchases goods from a thief who has stolen them, the purchaser does not acquire title to the goods
Indicate whether the statement is true or false
Business
________ place the nonbreaching party in the same position as if the contract had been fully performed
A) Tort damages B) Compensatory damages C) Nominal damages D) Consequential damages
Business