Which of the Following Statements Is TRUE

question 47

Multiple Choice

Which of the following statements is TRUE?

• A) Bankruptcy always relieves a contractual party from the need to satisfy a debt that arose under a contract.
• B) The doctrine of frustration applies in favour of the innocent party if the other party to a contract intentionally makes it impossible to perform the contract.
• C) In contrast to the doctrine of promissory estoppel, there is no possibility of retraction and resumption of rights under the doctrine of waiver.
• D) The breach of an intermediate term sometimes allows the innocent party to discharge the contract.
• E) The lapse of time under a statute of limitation causes a contract to be wiped out altogether.

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Definitions:

Competitors

Entities or businesses competing in the same industry or market for customers.

Focus Group

Data-collection tool in which a moderator engages a small group of people as they discuss a particular topic or concept with each other in a spontaneous way.

Fabric Softener

A laundry product added during the rinse cycle to make clothes feel softer, reduce static cling, and impart a pleasant scent.

Causal Research

A type of market research that seeks to find cause-and-effect relationships between variables.