Which of the Following Is True with Regard to Ending

question 103

Multiple Choice

Which of the following is true with regard to ending a contract by performance,agreement,frustration,or breach?

• A)If the court holds that a contract has been ended by frustration,the damages awarded by the court will be the same as if the contract was ended by a breach.
• B)A person who breaches a contract is liable for all loss that directly and naturally flows from the breach,no matter how unforeseeable.
• C)The victim of a breach can recover damages even for the loss he could have avoided if he had tried to.
• D)A victim of breach can only receive compensation in an amount that was reasonably foreseeable by the breaching party at the time they entered into the agreement.
• E)If a person owing money has tendered payment in a reasonable way,at a reasonable time,and it has been refused,he is free from any further obligation to pay.

---

Definitions:

Financial Security

A condition of having stable income or resources sufficient to meet current and future needs.

UCC

Stands for Uniform Commercial Code, a set of laws that provide legal rules and regulations governing commercial or business dealings and transactions.

Congress

The bicameral legislature of the Federal Government of the United States, consisting of the House of Representatives and the Senate.

Lost Profits

Financial gains that could have been earned but were not because of a specific event or action that prevented such earnings.