When a Person Informs You Before Performance Is Due That

question 137

True/False

When a person informs you before performance is due that he is not going to perform the contract, you don't have to wait to see if he does perform. You can make other arrangements and sue right away.

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Definitions:

Market Efficiency

A concept in financial economics that describes how well market prices reflect all available information, leading to assets being properly priced and markets allocating resources efficiently.

Financial Decision Maker

An individual or group responsible for making investment, financing, and dividend decisions within an organization.

Expected NPV

Projected Net Present Value; an estimation of a project's current value based on expected future cash flows discounted at the project's cost of capital.

Efficient Market

A financial market theory suggesting that asset prices fully reflect all available information, making it impossible to consistently achieve higher than average returns.