The Failure of a Party to Perform the Obligations Assumed

question 6

Multiple Choice

The failure of a party to perform the obligations assumed under a contract is known as a(n) : ​

• A)intrinsic fraud.
• B)misrepresentation
• C)negative pledge.
• D)breach of contract.

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Definitions:

Price

The amount of money expected, required, or given in exchange for something else, such as goods or services.

Demand Curve

A visual depiction that illustrates the connection between a product's price and the amount of that product buyers are prepared and capable of buying at different price levels.

Price

The expense involved in securing a product or service.

Demand Curve

The Demand Curve is a graph showing the relationship between the price of a good and the quantity of that good that consumers are willing and able to purchase at various prices.