Lou and David Have an Executory Contract That Is Supposed

question 61

True/False

Lou and David have an executory contract that is supposed to be performed on June 1.On May 1,David indicates that he has no intention of performing the contract as agreed.Lou must wait until June 1 before he can pursue any remedies for breach of contract against David.

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Definitions:

Hourly Fees

Charges or costs calculated based on the amount of time spent on providing services, typically expressed per hour.

Backing Up Data

The process of copying files or databases so that they will be preserved in case of equipment failure or other catastrophe.

Hourly Fees

Charges applied based on the amount of time spent on a task or service, usually quantified in hours.

Chronological Order

The arrangement of events or actions in the order that they occurred in time.