When One Party to a Contract Fails to Perform as Promised,it

question 7

Multiple Choice

When one party to a contract fails to perform as promised,it is called

• A)litigation.
• B)breach.
• C)liquidated damages.
• D)bad faith.

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Definitions:

Emerging Companies

are businesses in the early stages of development, usually characterized by innovative products or services and high growth potential.

Equity Capital

The funds raised by a company in exchange for shares of ownership, providing investors with a stake in the company.

Institutional Sources

Organizations or establishments that provide substantial information, data, or funding, often in a formalized or official capacity.

Run Out Of Money

A situation where a business or individual exhausts their financial resources and cannot meet financial obligations.