Mary and Anne entered into a written contract under which Mary agrees to sell and Anne agrees to buy for $1,000 per share, 100 shares of the 300 outstanding shares of capital stock of the ISC Corporation, a closely-held, family corporation.ISC shares are not sold on any exchange or over-the-counter.Mary refused to deliver the shares when Anne tendered the $100,000 purchase price.

a. Anne sues in equity for specific performance to force Mary to give her the shares.May she obtain this remedy?Explain.

b. Could she obtain specific performance if the contract would have involved the sale of shares of IBM Corporation, a publicly-traded company?Explain.