Which of the Following Is True of the Materiality of Breach

question 30

Multiple Choice

Which of the following is true of the materiality of breach?

• A)Courts generally adopt strict standards to determine materiality.
• B)The magnitude of the breach is of relatively less importance.
• C)There is no concern about compensating the nonbreaching party.
• D)The timing of the breach is generally taken into consideration.

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Definitions:

Realty

Refers to real estate or real property, encompassing land and anything permanently attached to it, such as buildings.

Permanently Injures

Causes lasting physical or mental damage to a person, affecting their abilities or quality of life indefinitely.

Joint Tenants

A form of property co-ownership where two or more parties hold equal shares, and upon the death of one, the surviving joint tenant(s) automatically receive the deceased's share.

Heirs

Individuals legally entitled to receive property from a deceased person's estate under a will or through intestacy.