When Does a Minor Breach Occur

question 63

Multiple Choice

When does a minor breach occur?

• A) when a party rescinds the contract before actual work on the contract has commenced
• B) when a party renders substantial performance of his or her contractual duties
• C) when the party who is being offered goods or services rescinds the contract
• D) when the party who is offering goods or services rescinds the contract

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Definitions:

Federal Trade Commission

A United States federal agency established to prevent unfair business practices and protect consumers from anticompetitive, deceptive, and unfair business practices.

Technological

Pertaining to technology; involving, using, or relating to advancements or tools that apply scientific knowledge for practical purposes.

Sociocultural

Relating to the social and cultural aspects or factors that influence a society and its individuals.

Sherman Antitrust Act

A law passed in 1890 to eliminate monopolies and guarantee competition.