Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

11. Which of the following is not a way to terminate a contractual relationship 16. Frustration is an outside unforeseen event which in all instances

image text in transcribed

11. Which of the following is not a way to terminate a contractual relationship 16. Frustration is an outside unforeseen event which in all instances does not make performance Performance impossible Breach True Non-disclosure agreement between the parties False Frustration 12. 17.Frustration does not occur when one party is responsible for the act that frustrates the Which of the following is a minor term in a contract contract True Warranty False Conditions Allof the above 18. In a breach of contract damages look backward in time None of the above 13.When refusal to perform work under a contract occurs before the performance is due it is True refer to as False Performance breach 19. Anticipatory breach Past breach None of the above Generalization damages C Specific damages 14. Which of the following is not true about Novation of contract Punitive damages Allof the above It involves a new party being substituted for one of the original parties 20. All parties must agree Only the victim of the breach can claim compensation on the specific basis of The old party still has complete liability The new party has complete liability Accounting 15. Fiduciary duty Which of the following is applicable when a contract end because of an event or condition takes place Quantum meruit Condition subsequent Condition Precedent Allof the above None of the above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions