Use the Fact Situation in Q5 to Answer the Related

question 9

Multiple Choice

Use the fact situation in Q5 to answer the related question that follows. In the same lawsuit,A Co.will argue that

• A)the act of B Co.entering into the contract with C Co.on February 15 was an express repudiation of the contract.
• B)its fax of February 2 did not constitute a repudiation of the contract.
• C)not being a repudiation,the contract was still in force.
• D)having repudiated the contract on February 15 in the way it did,the contract was at an end and A Co.was relieved from further performance.
• E)all of the above

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Definitions:

American Dollars

The currency of the United States, widely used as a benchmark and reserve currency around the world.

Exchange Rate Gain

A profit resulting from a favorable change in the exchange rate between two currencies.

British Pound

The currency of the United Kingdom, symbolized as GBP, and one of the world's major currencies traded on foreign exchange markets.

Direct Quotes

A method of quoting exchange rates in foreign exchange markets where the domestic currency is the base and the foreign currency is the quoted currency.