Which of the Following Is True with Regard to Ending

question 80

Multiple Choice

Which of the following is true with regard to ending a contract by performance, agreement, or breach?

• A) A contract can be ended by breach if there was a either a breach of condition or a breach of warranty.
• B) A person has legally tendered performance if he pays a $500 debt in 25-cent coins.
• C) If a person properly tenders performance of a service that is rejected by the other party, he is required to try again and again.
• D) A contract ends by agreement when the parties include in the contract a "condition subsequent," i.e., a clause that says the contract will end upon the happening of a specified future event that then takes place.
• E) If one party to the contract has paid for a service, but now the other doesn't want to perform, the contract is ended by agreement as long as they both agree to call it off.

Understand the concept of Individual Transferable Quotas (ITQs) and their role in fisheries.

Understand the importance of well-defined and enforced property rights in sustainable resource management.

Recognize effective policies for reducing fishery catch sizes and preventing overfishing.

Understand the basic principles and outcomes of bargaining and market transactions in resource management.