A Condition May Be Inserted into a Contract to Terminate

question 63

True/False

A condition may be inserted into a contract to terminate the duty to perform.

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Definitions:

Assurance

A positive declaration intended to give confidence; a promise.

Rule Of Reciprocity

A social norm where individuals feel obliged to return favors or kindness received from others.

Social Exchange Theory

The idea that interpersonal relationships are governed by perceptions of the rewards and costs exchanged in interactions.

Economic Model

A theoretical construct representing economic processes by a set of variables and a set of logical or quantitative relationships between them.