An Injured Party Cannot Elect to Treat a Breach as Discharging

question 92

Multiple Choice

An injured party cannot elect to treat a breach as discharging him or her from its obligations under a contract unless

• A)the breaching party elects to treat the breach as discharging him or her from contractual obligations.
• B)the breaching party suffers financial loss.
• C)the innocent party suffers financial loss.
• D)the breach causes physical injury.
• E)it is of the whole contract or an essential part of the contract.

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Definitions:

Evoked Set

a set of particular brands or products a consumer considers during the decision-making process.

Inept Set

A group of brands that a consumer excludes from purchase consideration because they are viewed as unacceptable.

Inert Set

A group of brands or products that a consumer is aware of but feels indifferent towards when making a purchase decision.

Lexicographic Rule

A decision-making rule where alternatives are compared based on the most important attribute first; if one option is superior, the decision is made, otherwise the next most important attribute is considered.