When One Party Breaches a Contract,the Discharged Party

question 34

Multiple Choice

When one party breaches a contract,the discharged party

• A)has no obligation to perform.
• B)may sue the breaching party for damages.
• C)has no obligation to perform,and may sue the breaching party for damages.
• D)None of these are correct.

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Definitions:

Hard Currency

Currency that is widely accepted around the world as a form of payment and is typically stable and reliable in value.

Import-Export Balance

The economic measure of a country's exports and imports to and from other countries, indicating the trade balance.

American Prosperity

A term often used to describe periods of economic boom and high living standards in the United States, particularly notable during the Roaring Twenties and post-World War II eras.

Treaty of Paris

Refers to any of several significant treaties, the most notable being the 1783 agreement that ended the American Revolutionary War, recognizing American independence from Britain.