If a Condition Does Not Occur

question 19

Multiple Choice

If a condition does not occur:

• A) public policy will require only substantial performance by the party for whom the condition failed.
• B) the requirement of good faith will be eliminated.
• C) one party will probably be discharged without performance being required.
• D) it is considered an anticipatory breach.

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Definitions:

FUTA

The Federal Unemployment Tax Act, a United States federal law that imposes a payroll tax on any business with employees for the purpose of funding state workforce agencies.

SUTA

State Unemployment Tax Act, which mandates employers to pay state unemployment taxes.

Temporary

Pertaining to an employee, position, or status that is intended for a limited time period, often with an end date in mind.

Permanent

Describes assets or records that are intended to be held or used on a long-term basis and not expected to be sold or otherwise converted into cash within a year.