Rough Water LLC and Schafer Enter into a Contract for the Delivery

question 43

Multiple Choice

Rough Water LLC and Schafer enter into a contract for the delivery of a used fishing boat. Until the boat is delivered and paid for, these parties have

• A) an executory contract.
• B) no contract.
• C) a quasi contract.
• D) an executed contract.

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Definitions:

Authority

The legitimate power or right to give orders, make decisions, and enforce obedience, often associated with a position or role in an organization or society.

Anxiety Disorders

Mental health disorders characterized by significant feelings of anxiety and fear, affecting an individual's ability to perform daily activities.

Population

Refers to the total number of individuals inhabiting a particular area or country.

Percentage

A mathematical term representing a number or ratio expressed as a fraction of 100.