Which of the Following Statements Is TRUE? the Concept of Fundamental

question 60

Multiple Choice

Which of the following statements is TRUE? The concept of fundamental breach

• A)produced considerable inconsistencies in court decisions
• B)was limited by the Supreme Court decision in Tercon Contractors
• C)was applied in an unpredictable way to limitation and exclusion clauses
• D)All of the above
• E)None of the above

---

Definitions:

Capital

Assets or resources, such as machinery, buildings, or money, that can be used to produce goods and services and generate wealth.

Coined

Refers to the creation of a new word or phrase or the process of making coins as a form of currency.

Interest Rate

The percentage at which interest is paid by borrowers for the use of money that they borrow from a lender.

Profit

The financial gain that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.