Exceptions to the Preexisting Duty Rule Include Unforeseen Difficulties

question 12

True/False

Exceptions to the preexisting duty rule include unforeseen difficulties.

---

Definitions:

Price

The amount of money required to purchase a good or service.

Cost

The amount of money or resources expended to purchase or manufacture a product or service.

Value

The importance, worth, or usefulness of something, often considered in terms of its benefit to the customer or user.

Accounting Software

A computer application used to manage and record financial transactions, aiding in the preparation of financial statements and reports.