Failure to Perform Contractual Duties as Promised Results in Which

question 89

Multiple Choice

Failure to perform contractual duties as promised results in which of the following?

• A) A breach of contract
• B) A failure of duty
• C) An invalidation of contract
• D) A failure of contract

---

Definitions:

Shortage

An occurrence in which the need for a particular product or service surpasses the available amount in the market.

Binding Price Ceiling

A legally imposed price limit that is set below the equilibrium price, leading to a shortage as demand exceeds supply at that price level.

Graph (a)

A graph is a visual representation of relationships between two or more variables or sets of data, often using lines, bars, or points in a two-dimensional or three-dimensional space.

Price Control

Government-imposed limits on the price charged for commodities and services in an effort to curb inflation or ensure affordability.