Jake's Steaks Has Hired LONF, an Audit Firm, to Conduct

question 44

Multiple Choice

Jake's Steaks has hired LONF, an audit firm, to conduct an audit for purposes of preparing an IPO for Jake's.  The contract provides that the audit will be completed within 4 months.  At the end of three months, LONF has not yet begun the audit and lets Jake's know that it cannot complete the audit within four months because Jake's staff have not provided access to the company's books and records.  Which of the following statements is correct?

• A)LONF has breached the audit contract.
• B)A condition precedent to performance has not been satisfied.
• C)Because there was no access clause in the contract, LONF must still perform on time.
• D)The contract is void.

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Definitions:

Circular Motion

Movement along a circular path, or rotation around a fixed point, characterized by the objects' changing direction at every point of its path.

Urinal Use

The act or practice of using a device, typically in healthcare settings, that allows patients, especially those who have difficulty moving, to urinate without having to get out of bed.

Orthostatic Hypotension

A condition characterized by a drop in blood pressure upon moving to a standing position from sitting or lying down, which can cause dizziness or fainting.

Incontinence

Incontinence is the inability to control the voluntary evacuation of urine or feces, affecting individuals' quality of life and requiring management strategies.