A Power of Avoidance Held by a Party May Be

question 52

Multiple Choice

A power of avoidance held by a party may be lost if:

• A)the contract is affirmed.
• B)there are unreasonable delays in exercising the power.
• C)the rights of third parties intervene.
• D)All of the above.

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Definitions:

Wheat

A cereal grain that is a worldwide staple food, grown in numerous varieties.

Cattle

Large domesticated bovines raised for their milk, meat (beef), or hides.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision or choosing an option over another.

Crude Oil

An organic, unprocessed fossil fuel consisting of hydrocarbon reserves and additional organic matter.