Examlex

Solved

System Documentation Cannot End Until Three Days After Testing Has

question 77

Multiple Choice

System documentation cannot end until three days after testing has started. This is an example of which kind of lag?


Definitions:

Substituted Contract

An agreement that replaces an existing contract, typically with the consent of all parties involved, establishing new terms and obligations.

Novation

The act of replacing one party in a contract with another party, or altering the terms of a contract, with all parties' consent, resulting in a new agreement.

Material Breach

A significant violation of a contract that permits the other party to either compel performance, seek remedies for damages, or terminate the agreement.

Nonbreaching Party

The party in a contract who has not violated the agreement and may be entitled to legal remedies.

Related Questions