A Contract Remains Executory as Long as Any Party to the Contract

question 114

True/False

A contract remains executory as long as any party to the contract has not fully performed.

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Definitions:

Operant Conditioning

A training technique that alters the power of an action through rewards or consequences.

If … Then Contingency

A conditional statement indicating that one event (the consequence) follows another (the condition) only if the first event occurs.

S-R Association

A concept in learning theory that suggests a connection or association is formed between a specific stimulus (S) and a specific response (R).

Social Learning

A theory that suggests people can learn new behaviors and acquire new information by observing others.