Ed's Electric Substantially Performs Its Contract with Forest Hills Apartments

question 28

Multiple Choice

Ed's Electric substantially performs its contract with Forest Hills Apartments, Inc., to deliver and install an alarm system and parking lot lighting. Forest Hills is entitled to​

• A) ​damages.
• B) ​nothing more.
• C) ​to be excused from performance.
• D) ​suspend performance.

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Definitions:

Certified Checks

Checks guaranteed by a bank, verifying that the signer has enough funds in their account to cover the amount specified on the check.

Dishonored

In financial terms, a dishonored instrument (like a check) refers to one that cannot be processed because the payor's account lacks sufficient funds or is closed.

Liability

The state of being legally responsible for something, particularly for debts or legal obligations.

Intermediary Bank

A financial institution that acts as a middleman between a payer's and a payee's banks, especially in international wire transfers.