Fact Pattern 14-1 Daily Bread Bakeries, Inc., Contracts to Buy All of Its

question 40

Multiple Choice

Fact Pattern 14-1
Daily Bread Bakeries, Inc., contracts to buy all of its ingredient requirements for bread making, at a certain minimum per year, from Enriched Flour & Grain Corporation for six years. After three years, Daily Bread tells Enriched that it plans to sell its assets to Flat Bread Shops, Inc. Flat Bread refuses to assure Enriched that it will continue Daily Bread's contract.
-Refer to Fact Pattern 14-1.Flat Bread's refusal is​

• A) ​a justified response based on Flat Bread's relation to the contract.
• B) ​an assignment of Daily Bread's rights under the contract.
• C) ​a reasonable suspension of performance under the contract.
• D) ​a repudiation of the contract.

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Definitions:

Codicil

A supplemental modification of an existing will.

Organic Solidarity

Emile Durkheim’s concept to describe the form of social cohesion that exists in complex societies with a high division of labor. Such societies have an organic character because of the necessary interdependence of their specialized and highly individuated members.

Mechanical Solidarity

Emile Durkheim’s concept to describe the form of social cohesion that exists in small-scale societies that have minimal division of labor. In such societies, there is little specialization or individuation. The “conscience collective” embraces individual awareness.

Agrarian Society

A community or society whose economy is primarily based on agriculture and farming.