In Which of the Following Circumstances Will Partial Performance of a Contract

question 7

Multiple Choice

In which of the following circumstances will partial performance of a contract by one party NOT give rise to a right to payment?

• A)Where the contract is entire.
• B)Where the other party has prevented them from completing the contract.
• C)Where the other party has freely and willingly accepted their partial performance.
• D)Where they have substantially,but not completely,performed the contract.

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Definitions:

Taxable Estate

The total value of an individual's estate that is subject to federal estate taxation upon their death.

Taxable Income

The portion of income, subject to taxes, calculated by deducting allowable deductions from gross income.

Charge and Discharge Statement

A financial report detailing the charges (debts or obligations) and discharges (payments or settlements) within a specific period.

Remainderman

An individual who inherits or is entitled to inherit property upon the expiration of a life estate.