The Basic Texts Are the

question 20

Multiple Choice

The Basic Texts are the

• A) Purvas
• B) Cheda Sutra
• C) Upanga Sutra
• D) Mula Sutra

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Definitions:

Anticipatory Repudiation

A party's declaration to not fulfill their obligations under a contract before the performance is due.

Total Breach

A complete failure to perform or fulfill contractual obligations, resulting in the termination of the contract.

Implied Covenant

An obligation between parties that is not explicitly stated in a contract but is presumed to exist to facilitate the contract's purpose and ensure fairness.

Good Faith

Conducting oneself with honesty, fairness, and sincerity in dealings or transactions, without the intention to deceive or defraud.