A Agrees to Build a Machine for B by September

question 36

Multiple Choice

A agrees to build a machine for B by September 1 for $3000.00.On August 15,both A and B agree not to proceed with the contract.In this situation

• A)the contract has not been discharged and the parties must complete their respective obligations.
• B)the contract has been discharged by waiver.
• C)the contract has been discharged by anticipatory breach.
• D)the contract has been discharged by a condition precedent.
• E)the contract has been discharged by a condition subsequent.

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Definitions:

Competition

Is a mode of interaction in which power is unequally distributed but the degree of inequality is less than in systems of domination. Envy is an important emotion in competitive interactions.

Cooperation

The process of groups or individuals working or acting together for a common purpose or benefit.

Statuses

The positions or roles individuals hold within a social structure, which determine their social identity, obligations, and rights.

Roles

The functions, positions, or behaviors expected of an individual by society or a specific group within it.