A Breach of a Minor Term in a Contract

question 2

Multiple Choice

A breach of a minor term in a contract

• A) does not entitle an aggrieved party to damages.
• B) does not entitle an aggrieved party to abandon obligations under a contract.
• C) amounts to a frustration of the contract.
• D) will enable an aggrieved party to elect to treat the breach as discharging the contract.
• E) amounts to a termination of the contract.

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Definitions:

Total Income

The sum of all earnings obtained from labor, capital investments, and any other source before any taxes or deductions are applied.

Income Distribution

The way in which a nation’s total GDP is distributed amongst its population, affecting the economic well-being of its citizens.

Official Poverty Line

A threshold set by the government defining the minimum level of income sufficient to cover basic living expenses, used to identify individuals or households in poverty.

Federal Government

The national government of a federal state, which holds the authority over matters that affect the entire country, distinct from state or local governments.