Which of the Following Is True Regarding Ways by Which

question 15

Multiple Choice

Which of the following is true regarding ways by which a party's contractual obligations may be discharged?

• A) Performance is the only way a party's contractual obligations may be discharged.
• B) The failure of a condition to occur and performance are the only ways a party's contractual obligations may be discharged.
• C) Operation of law is the only way a party's contractual obligations may be discharged.
• D) Discharge may occur through material breach by one or both parties.
• E) Discharge may not occur through the failure of a condition to occur.

---

Definitions:

Customer Satisfaction

The measure of how products or services supplied by a company meet or surpass customer expectations.

Operating Cost

Expenses associated with the day-to-day operations of a business, including salaries, utilities, and rent.

Purchase Order

A formal document issued by a buyer to a seller, detailing the products, quantities, and agreed prices for products or services.

Price Reductions

A strategy where a business lowers the price of its products or services to attract more customers, increase sales volume, and possibly outmaneuver competitors.