1. Which of the following is NOT true regarding specific performance? a. It is granted in contracts involving unique items of personal property. cb. The courts will never order directly the specific enforcement of contracts for personal services. c. It will be granted frequently in contracts involving the sale of goods. d. It will not be granted if money damages would be adequate to compensate the injured party. 3 2. Ralph sold a motel to Steve by stating that he had paid $250,000 for it and that his net average annual profit from the business has been $40,000. In reality he paid $100,000 for the motel and has earned a net average annual profit of only $30,000. Steve made no attempt to verify the statements until after the transaction was completed. a. Ralph has committed fraudulent misrepresentation. b. Steve is bound by the contract, because he failed to verify the statements which were made to him. c. The contract is voidable at Steve's option. Cd. Both (a) and (c)