Which of the Following Statements Is True of Discharge of Contracts

question 84

Multiple Choice

Which of the following statements is true of discharge of contracts?

• A) Anticipatory breach discharges the breaching party's obligations to the contract.
• B) Substantial performance is sufficient to discharge a contract.
• C) Tender of performance discharges a party's contractual obligations.
• D) Tender is a conditional offer by contracting party to perform his or her obligations under the contract.

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Definitions:

Compounded Quarterly

A financial term meaning the interest earned on an investment is calculated and added to the principal every three months, leading to the interest earning interest in subsequent quarters.

Monthly Payments

Regular amounts paid every month, usually in the context of loans or subscriptions.

Condo

A privately owned individual unit within a building or community of units, with shared areas such as pools, garages, and gyms.

Future Value

A future date's asset or cash value that matches a specific present-day amount.