A Contract into Which Parties Enter, but Where One or Both

question 47

Short Answer

A contract into which parties enter, but where one or both of the parties can choose not to perform their contractual obligations, is said to involve ________ promises.

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Definitions:

Production Plan

An outline of what a company plans to produce, in what quantities, and when, to meet anticipated demand.

Erroneous Dimension

A mistaken or incorrect measurement or aspect within a dataset or analysis.

Quantity

The measurement or amount of something, numerically represented, indicating how much or how many are present or required.

Specification

A detailed description of the requirements, dimensions, materials, or standards used to describe a product, material, or system.