If One Party to a Contract Has Reasonable Grounds to Believe

question 10

True/False

If one party to a contract has reasonable grounds to believe that the other party either will not or cannot perform his or her contractual obligations,an adequate assurance of performance may be demanded orally or in writing.

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Definitions:

Buffer

A buffer is a neutral or non-committal statement used to soften or cushion the impact of what follows, often used in written and verbal communication.

Explanation

The act of making something clear or understandable by describing or presenting it in detail.

Bad-News Message

A communication method used to convey unfortunate or unfavorable information in a tactful and sensitive manner.

Buffer

A protective barrier or amount of leeway that allows for the absorption of shocks, errors, or unforeseen circumstances in various contexts.