Fact Pattern 17-2Flora, Who Owns and Operates Garden Fresh Organic

question 1

Multiple Choice

Fact Pattern 17-2Flora, who owns and operates Garden Fresh Organic Farms, agrees to sell Harvesters Grocery a minimum quantity of fresh fruits and vegetables every week for three months.
-Refer to Fact Pattern 17-2.If Flora dies before the deliveries begin,her contract with Harvesters is​ 

• A) ​breached. 
• B) ​discharged. 
• C) ​not affected. 
• D) ​suspended.

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Definitions:

Income

Payment for services or from investment returns, customarily coming in at steady intervals.

Preferences

In economics, it refers to the ordering of different alternatives by individuals based on their satisfaction, utility, or happiness.

Compensating Variation

A measure in economics of the amount of money one would need to reach their original utility level after a change in price or income.

Equivalent Variation

An economic measure of the amount of money that leaves an individual equally well off, given changes in prices or utility.