Where a Court Has Been Asked to Determine Whether the Termination

question 57

Multiple Choice

Where a court has been asked to determine whether the termination of a contract amounts to termination by performance,which of the following will readily allow the judge to make a determination?

• A) the determination of the nature of the contract
• B) the oral evidence given by each of the parties
• C) the reasonableness of unforeseeability of an event
• D) the factual circumstances of subsequent events

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Definitions:

Increase in Demand

Refers to a rise in the quantity of a product or service that consumers are willing and able to purchase at various prices, often due to factors like income increases, taste preferences, or changes in population.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price level in a given period.

Demand

The level of demand for products or services that purchasers can and are willing to pay for at numerous prices over a designated period.

Substitutes

Goods or services that can be used in place of each other, with the capability of satisfying similar consumer needs or desires.