Which of the Following Statements Is TRUE

question 50

Multiple Choice

Which of the following statements is TRUE?

• A)A contract will be discharged on the basis of substantial performance only if the recipient of the incomplete performance agrees to accept monetary damages for the shortfall.
• B)A contract generally will be discharged on the basis of anticipatory breach only if the innocent party chooses to relieve the party in breach of the need to perform the contract.
• C)An option to terminate can only be exercised by one party if the other party has breached the contract.
• D)A true condition subsequent will prevent a contract from being created unless a certain event occurs.
• E)A contractual obligation is executory if it has been performed.