The Case of Sail Labrador Ltd

question 121

Multiple Choice

The case of Sail Labrador Ltd. v. Challenger One (The) involved an option to purchase and a breach of a contract that was inconsequential and immediately corrected. What did the Supreme Court of Canada hold?

• A) The contract had been substantially performed and the option was still available.
• B) The breach, although minor, rendered the contract unenforceable.
• C) The breach, although minor, rendered the contract voidable at the option of the non-breaching party.
• D) The contract had not been perfectly performed, so the contract was void.
• E) No breach can be considered inconsequential at law.

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Definitions:

Variance

A measure of the dispersion of a set of data points around their mean; shows how much the data vary from the average.

Binomial Distribution

A probability distribution that summarizes the likelihood of a variable to take one of two independent values under a given number of iterations.

Distribution of X

Refers to the way values of the variable X are spread or distributed across possible outcomes, showing the frequency of each value.

Speed Limits

Legal maximum or minimum speeds set for vehicles on particular roads to ensure safety.