Better Houses,Inc

question 41

Multiple Choice

Better Houses,Inc.has been contracted to build an addition on the Joyners' house.It built half of the addition and then unexpectedly announced that it was not going to finish the job.Better Houses' decision to stop the job is called a(n) :

• A)constructive breach of contract.
• B)substantial performance.
• C)abandonment of contractual obligations.
• D)repudiation of contract.

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Definitions:

Consumer Income

The total amount of income available to an individual or household for spending, saving, and investing after taxes.

Supply Curve

The supply curve is a graphical representation showing the relationship between the price of a good and the quantity supplied by producers.

Sugar Beets

A plant whose root contains a high concentration of sucrose and which is grown commercially for sugar production.

Refined

Improved or made more elegant or sophisticated through careful modification.