It Is Possible for a Contract to Be Discharged by Performance

question 49

True/False

It is possible for a contract to be discharged by performance even though one party breached the contract if the breach was waived.

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Definitions:

Probability Distribution

A mathematical function that provides the probabilities of occurrence of different possible outcomes for an experiment.

Economic Conditions

The current state of the economy, encompassing factors like inflation, unemployment rates, and growth rates.

Standard Deviation

Standard deviation is a measure of the dispersion or variability of a set of data points, indicating how much the individual data points differ from the mean value.

Stand Alone Risk

The risk associated with a particular investment or project considered in isolation from the rest of the portfolio or company's operations.