Examlex
Which one of the following statements is true?
Contractual Obligation
A duty or commitment one party agrees to perform as outlined in a contract.
Deposit
An amount of money placed with a bank for safekeeping or as partial payment for a purchase.
Anticipatory Breach
A situation in contract law where one party indicates, either by words or actions, that they will not fulfill their contractual obligations before the due date.
Performance Danger
Performance danger involves situations or conditions that significantly increase the likelihood of failure or harm during the execution of a task or duty, warranting precaution.
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