A Party to a Contract Erroneously Acted on an Assumption

question 5

Multiple Choice

A party to a contract erroneously acted on an assumption involving breach of an innominate term.That party is itself now being sued for breach.What was the erroneous action taken by this party?

• A) the initiation of a claim for damages
• B) the repudiation of the contract
• C) an incorrect application of a warranty
• D) a delay of performance of obligations

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Definitions:

Rate of Extinction

The speed at which species are disappearing from Earth, often measured over a certain time frame.

Natural Rate

An economic concept referring to the level of unemployment, interest, or growth that exists without interference in a free market.

Radioactive Waste

Hazardous waste material that contains radioactive substances and requires special handling and disposal to protect human health and the environment.

Genetic Mutations

are changes in the DNA sequence of an organism, which can lead to variations in physical traits or increased susceptibility to certain diseases.