Which of the Following Statements Is True of a Breach

question 28

Multiple Choice

Which of the following statements is true of a breach of contract?

• A) Strict performance by a party discharges that party's duties under the contract.
• B) Inferior performance constitutes a minor breach of contract.
• C) Substantial performance constitutes a material breach.
• D) The most common remedy for a breach of contract is an award of equitable remedies.

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Definitions:

Skewed Distribution

A distribution where the tails on one side of the mean are longer or fatter, indicating lack of symmetry.

Frequency Distribution

A representation, often in the form of a table or graph, of how the values in a data set are distributed across categories or intervals.

Infinite Number

A quantity that has no end or limit, often used in mathematics to describe a value that grows without bounds.

Positively Skewed

Describes a distribution of data where the tail extends more towards the higher value side, indicating that the mean and median are greater than the mode.