Nonperformance of a Covenant Is Not Considered a Breach of Contract

question 75

True/False

Nonperformance of a covenant is not considered a breach of contract because a covenant is an unconditional promise.

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Definitions:

Exchange Relations

Economic, social, or political relationships in which goods, services, or other benefits are traded between parties.

Single Network Structure

The organizational form characterized by a unified framework for communication and decision-making across a network, rather than hierarchical layers.

Emerson

A reference to Ralph Waldo Emerson, an American essayist, lecturer, philosopher, and poet who led the transcendentalist movement of the mid-19th century.

Utility

In economics, the total satisfaction received from consuming a good or service, often used to analyze choices and preferences.