A Party Who Has Demanded Adequate Assurances Must Wait 90

question 29

True/False

A party who has demanded adequate assurances must wait 90 days before she can treat the contract as repudiated.

---

Definitions:

Deadweight Loss

A loss of economic efficiency that can occur when equilibrium for a good or service is not achieved or is not achievable.

Import Quotas

Restrictions imposed by a government on the quantity or value of goods that can be imported into a country, used to protect domestic industries.

Tariff

A tax imposed on imported goods, usually to raise government revenue and protect domestic industries from foreign competition.

Import Quota

A government-imposed limit on the quantity or value of a particular good that can be imported into a country.