Which of the Following Promises Is Subject to the "Strict

question 78

Multiple Choice

Which of the following promises is subject to the "strict performance" standard? Assume that performance of the promise is not an express condition of the promisee's duty to perform.

• A)A promise to build a road
• B)A promise to paint a house
• C)A promise to destroy a building
• D)A promise to deliver a deed

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Definitions:

Year 2

The second year in a series or sequence, commonly used in discussions of financials and planning.

Total Asset Turnover

A financial ratio that measures a company's ability to generate sales from its assets by comparing net sales with average total assets.

Year 2

Typically refers to the second year of a particular time frame, such as a business plan, financial projections, or an academic calendar.

Total Asset Turnover

A financial ratio that measures a company's ability to generate sales from its assets, indicating operational efficiency.