Is It Possible for a Party That Has Waived Rights

question 49

Multiple Choice

Is it possible for a party that has waived rights to a portion of the contract not yet performed to retract the waiver? Why?

• A)Yes.The party will be able to immediately assert the late payments as grounds for later canceling the contract.
• B)Yes.The party can give reasonable notice to the other party that strict performance will be required.
• C)No.Once a party has waived rights to a portion of the contract,it will not be able to assert this as grounds for later canceling the contract.
• D)Yes.The contract is assumed to be made in good faith.

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