The Courts Have Ruled That a Contract Can Be Frustrated

question 14

Multiple Choice

The courts have ruled that a contract can be frustrated if:

• A)an event,on which the contract was based,does not occur.
• B)the subject matter of the contract is destroyed.
• C)a substantial change in circumstances means that the performance will be fundamentally different from the one agreed upon.
• D)all of the above.
• E)A and b only.

Understand physiological changes during middle adulthood, including changes in bone density, BMI, and metabolism.

Explain the variations in health status among demographics in the middle-aged American population.

Describe traditional and modern approaches to treating cancer and their effects.

Recognize signs and risk factors of a heart attack.

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Definitions:

Consumer Surplus

The gap between what consumers are ready and can afford to pay for a product or service, versus what they actually spend.

Producer Surplus

The difference between the amount that a producer is paid for a good or service and the minimum amount they are willing to accept for it.

Marginal Revenue

The additional income derived from the sale of one more unit of a good or service.

Monopsonist Purchase

The buying activities of a market condition where only one buyer exists, affecting prices and quantities of goods.