Which of the Following Allows a Party Who Has Materially

question 77

Multiple Choice

Which of the following allows a party who has materially breached a contract to recover the reasonable value of any benefits he has conferred on the promisee?

• A)Quasi-contract
• B)Anticipatory repudiation
• C)Specific performance
• D)Accord and satisfaction

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Definitions:

Foreign Exchange Market

A global decentralized or over-the-counter market for trading currencies, determining the foreign exchange rates for every currency.

Triangle Arbitrage

A riskless profit strategy that takes advantage of discrepancies between three foreign currencies in the forex market.

Spot Market

A market where financial instruments or commodities are traded for immediate delivery, as opposed to future or forward delivery.

Forward Market

A market in which participants agree to trade a financial instrument or physical commodity for future delivery at a specified price.