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Which of the following is NOT true regarding an assurance ofperformance? A. The party making the demand may suspend performance until adequate assurance is received.
Which of the following is NOT true regarding an assurance ofperformance?
A.
The party making the demand may suspend performance until adequate assurance is received.
B.
Adequate assurance can be demanded by either party.
C.
One party must have reasonable grounds that the other party will or cannot perform its contractual obligations.
D.
Adequate assurance may not be demanded in extraordinary situations such as flooding.
E.
Assurance of performance must be in writing.
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