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.

Acknowledge cultural differences in coping mechanisms across collectivist and individualist cultures.

Identify and understand common factors contributing to counseling outcomes.

Understand the components and structures within ecological systems theory.

Identify factors influencing prosocial and maladaptive behaviors.

---

Definitions:

Consolidated Net Income

The total net income of a parent company and its subsidiaries, after intercompany transactions have been eliminated, as presented in the consolidated financial statements.

Statement of Comprehensive Income

A financial statement that presents a company's total income and expenses, including items that have not been realized, providing a complete picture of its overall financial performance.

Goodwill Impairment

A charge that occurs when the market value of goodwill, an intangible asset, drops below its recorded value on the balance sheet, indicating diminished business value.

Discontinued Operation

A component of a business that has been sold, disposed of, or is held for sale, and is reported separately in financial statements.