Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

12. The time of performance in a contract: A - Is usually not an implied condition B Does not apply to perishable goods C

image text in transcribed

12. The time of performance in a contract: A - Is usually not an implied condition B Does not apply to perishable goods C - Is generally an implied condition for perishable goods D - A and C 13. The types of conditions in a contract are generally referred to as: A Precedent conditions B Subsequent conditions C Concurrent conditions D - All of the above 14. When a contract is discharged by breach: A - The non-breaching party has no obligation on the contract B Happens often in contracts C - The non-breaching party is entitled to the value of services that were not received D - A and C 15. An anticipatory breach: A-Occurs when one party clearly states or implies that they cannot perform on the contract B-May be implied by some clear, unambiguous action on the part of one of the parties. C - Requires the non-breaching party to demand assurance within a reasonable time D All 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

Recommended Textbook for

Financial Accounting

Authors: Robert Libby, Patricia Libby, Frank Hodge

9th edition

290-1259222138, 1259222136, 978-1259222139

More Books

Students also viewed these Accounting questions

Question

What opportunities exist for raises and advancement?

Answered: 1 week ago

Question

What is quality of work life ?

Answered: 1 week ago

Question

What is meant by Career Planning and development ?

Answered: 1 week ago

Question

What are Fringe Benefits ? List out some.

Answered: 1 week ago

Question

Question 2 For an n x n matrix A = form) via (aij)

Answered: 1 week ago