Once a Party Has Waived Rights to a Portion of a Contract

question 48

Multiple Choice

Once a party has waived rights to a portion of a contract that has not yet been performed,that party:

• A) may retract the waiver if there is a material change of position by the other party.
• B) may retract the waiver unconditionally.
• C) may retract the waiver by giving reasonable notice that strict performance will be required.
• D) may retract the waiver only if the other party does not object to it.

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Definitions:

Working Memory

The short-term storage system that actively maintains and manipulates information needed for complex cognitive tasks like language comprehension, learning, and reasoning.

IQ Score

A numerical measure of a person's intelligence relative to others, typically determined by standardized tests.

Mental Age

An assessment of a child’s intellectual standing compared with that of same-age peers; determined by comparing the child’s test score with the average score for children of each chronological age.

Wechsler Adult Intelligence Scale

A standardized test designed to measure adult intelligence through various verbal and performance indicators.