A Party to a Contract Who Has No Reason to Know

question 67

True/False

A party to a contract who has no reason to know that the contract is illegal can often obtain restitution on a partially executed contract.

---

Definitions:

Existing Grinding Capacity

The current maximum volume or quantity of material that can be ground or processed in a facility within a given timeframe.

Variable Cost

Expenses that change in proportion to the volume of goods or services produced.

Intermediate Calculations

Calculations that occur in the middle of a problem-solving process, often needed to arrive at a final solution.

Elastic Demand

A market condition where the quantity demanded of a product or service significantly changes in response to changes in price.