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Andy agrees to sell his painting to Bill. At the time the contract is made,...

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Accounting

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Andy agrees to sell his painting to Bill. At the time the contract is made, the painting is destroyed by fire. The legal effect of this contract is: A) Void B) Voidable C) Enforceable D) Unenforceable Which of the following is not an equitable remedy available in a breach of contract lawsuit? A) Quantum meruit B) Specific performance C) Injunction D) Damages Which of the following is not a legal remedy available in a breach of contract lawsuit? A) Damages B) Specific performance C) Mitigation D) Injunction Which of the following clauses will require you to pay all the losses incurred by another party in a contract? A) Indemnification clause B) Exclusion clause C) Limitation of liability clause D) Liquidated damages clause

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