A Contract Is Terminated by Agreement in Which of the Following

question 72

Multiple Choice

A contract is terminated by agreement in which of the following situations?

• A) Breach
• B) Frustration
• C) Unilateral release
• D) A written statement by one party to cancel an accepted order
• E) The occurrence of a condition subsequent

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Definitions:

Business Opportunities

Circumstances or situations that can be leveraged by entrepreneurs or companies to achieve financial growth or competitive advantage.

Economically Viable

Refers to projects or endeavors that are capable of generating sufficient income to cover their costs and potentially generate profit.

Profitable

Referring to activities, investments, or entities that generate more revenue than the costs involved, leading to financial gain.

Labor Intensive

A process or industry requiring a large amount of human labor to produce goods or services, as opposed to being heavily automated or relying on machinery.