Refusal of a Tender of Performance by One Party to a Bilateral

question 6

Multiple Choice

Refusal of a tender of performance by one party to a bilateral contract will:

• A) be treated as a repudiation,excusing the tendering party from further duty of performance under the contract.
• B) not discharge either party from further duty of performance under the contract.
• C) be considered a condition subsequent.
• D) None of these.

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Definitions:

Economic Value

Refers to the worth of a good or service determined by the market and the benefits it provides to those who purchase or use it.

Wages

Payments made to employees by employers in exchange for work performed, often expressed as an hourly, daily, or piece rate.

Running Mate

A candidate selected by a political party's nominee for President to run for Vice President as part of the same ticket in an election.

Presidential Election

denotes the process by which a country's president is elected, typically involving a nationwide vote.