Which One of the Following Is Not a Danger Signal

question 14

Multiple Choice

Which one of the following is not a danger signal of potential debt problems?

• A) Paying the minimum balance due each month
• B) Receiving notice of prompt payment from creditors
• C) Using savings to pay for major purchases
• D) Repaying loans faster than required
• E) Depending on overtime and moonlighting to meet expenses

Analyze the impact of external circumstances, such as legal changes and specific events, on contract discharge.

Comprehend the doctrine of anticipatory repudiation and its legal consequences.

Understand the principles of substantial performance and how they affect contractual obligations and remedies.

Distinguish between different types of contractual conditions (express, constructive, implied) and their implications.

---

Definitions:

Short-run Supply Curve

A graphical representation of the quantity of goods a firm is willing and able to supply to the market at different prices, over a short period where at least one input is fixed.

Marginal Cost

The financial commitment needed for the creation of an additional unit of a product or service.

Fixed Cost

Expenses that do not vary with the level of production or sales, such as rent, salaries, or insurance costs.

Lawn-mowing

The process of cutting the grass in a garden or yard to maintain a neat and orderly appearance.