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.

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Definitions:

Family And Medical Leave Act

A U.S. federal law that requires covered employers to provide employees job-protected and unpaid leave for qualified medical and family reasons.

Fair Labor Standards Act

A U.S. law establishing minimum wage, overtime pay eligibility, recordkeeping, and child labor standards affecting employees in the private sector and in federal, state, and local governments.

Federal Minimum Wage

The lowest hourly wage that employers can legally pay their workers, as mandated by federal law in the United States.