For Which of the Following Contracts,is a Party's Subjective Dissatisfaction

question 67

Multiple Choice

For which of the following contracts,is a party's subjective dissatisfaction sufficient to excuse his performance under a "personal satisfaction" clause in a contract?

• A)A contract to construct an intercontinental ballistic missile
• B)A contract to paint someone's portrait
• C)A contract to build a steam boiler
• D)A contract to rebuild an automobile engine

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Definitions:

Trade Deficits

A situation where a country's imports of goods and services exceed its exports, resulting in a net outflow of domestic currency to foreign markets.

Real GDP

Gross Domestic Product adjusted for inflation, which reflects the value of all goods and services produced by an economy in a given year in base-year prices.

Price Level

The average price point of the entirety of goods and services in the economic scope.

Personal Consumption Expenditures

Refers to the value of goods and services purchased by households for the purpose of consumption.