True of material breach, Which of the following is NOT true

True of material breach

Assignment Help Operation Management

Reference no: EM132233717

1. Which of the following is NOT true of a material breach?

a. The non-breaching party may rescind the contract.

b. The non-breaching party may seek damages or restitution.

c. It destroys the essence of the contract.

d. A material breach contains three elements that distinguish it from a minor breach.

2. ________ refers to a condition that requires the occurrence of an event before a party is obligated to perform a duty under a contract.

a. Implied condition

b. Condition precedent

c. Condition subsequent

d. Concurrent condition

3. Which of the following contracts is required to be in writing in most states?

a. contracts for the lease of goods with payments of $500

b. contracts for the sale of goods for $100

c. promises to write a will

d. handshake deals

Reference no: EM132233717

Questions Cloud

True of contracts induced by fraud : Which of the following is NOT true of contracts induced by fraud?

Nasa missions-construction projects : Project management techniques have been used successfully for a wide variety of efforts, including many NASA missions, construction projects,

What business strategy : What business strategy does it seem to “fit” (i.e., cost cutter, customer-centered, innovator, or something else)?

Furnishing dollars with online initiatives : With the early adoption and use of websites, there were certain items that businesspeople and consumers believed were “off limits” for online purchasing.

True of material breach : Which of the following is NOT true of a material breach?

Uniform commercial code state : Which of the following does Section 2A-201(1) of the Uniform Commercial Code state?

Discuss the proceed model and its significance in hrm : Discuss the grapevine and managerial attitudes towards the grapevine. Discuss the PROCEED model and its significance in HRM.

Statements is true of breach of contract : With regard to the fraud element of intent, which of the following is NOT true? Which of the following statements is true of a breach of contract?

Case of yarde metals v. new england patriots : What contract rule was in issue in the case of Yarde Metals v. New England Patriots?

User Account

All Pages