Part of the Law's Response to a Breach of Contract

question 71

Multiple Choice

Part of the law's response to a breach of contract is best explained by the fact that

• A)a breach of condition will usually substantially deprive the party in breach of the expected benefit of the contract.
• B)some terms cannot be classified as either a "condition" or a "warranty" at the outset.
• C)a breach of a warranty will usually deprive the party in breach of the expected benefit of the contract.
• D)a breach of a condition will prevent a contract from being formed.
• E)an unaccepted repudiation is effective to discharge a contract.

---

Definitions:

NPV

Net Present Value; a financial metric used to evaluate the profitability of an investment, calculated by subtracting the present value of cash outflows from the present value of cash inflows.

TSX

The Toronto Stock Exchange, which is the largest stock exchange in Canada where securities are bought and sold.

Standard Deviation

A metric that quantifies the extent of differences or variability among a group of figures.

Variance

A measure of dispersion that shows how much the data points in a set differ from the mean.