Pilati Signed a Contract to Work as a Consulting Engineer

question 36

Multiple Choice

Pilati signed a contract to work as a consulting engineer for the Radtech Company beginning January 1. When Pilati reported to work on January 1, he was told that the position of consulting engineer had been abolished but that he could have a job in the marketing department. He refused. His contract with the company is discharged because of a(n)

• A) anticipatory breach by the Radtech Company.
• B) material breach by the Radtech Company.
• C) anticipatory breach by Pilati.
• D) material breach by Pilati.

---

Definitions:

Payee

The individual or entity to whom money is paid or owed, especially in the context of checks or electronic transfers.

Fraud

Deceptive action designed to provide an unfair advantage or benefit to the individual or entity committing the fraud.

HDC

Holder in Due Course, a term in negotiable instruments law referring to someone who has acquired a negotiable instrument in good faith for value, with certain protections.

Promissory Note

A financial instrument containing a written promise by one party to pay another party a definite sum of money at a specified future date or on demand.