Under Ordinary Circumstances,a Party's Duty to Perform a Promise Agreed

question 81

True/False

Under ordinary circumstances,a party's duty to perform a promise agreed to in a contract is absolute.

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Definitions:

Nonprofit Organization

An organization whose primary objective is to support an issue or matter of private interest or public concern for non-commercial purposes, and where surplus revenues are reinvested in the organization.

For-profit Organization

A type of business entity that operates with the primary goal of earning profits for its owners or shareholders.

Marketing

The process of promoting, selling, and distributing a product or service, including market research and advertising.

Nonprofit Organizations

Entities primarily aimed at serving the public interest or social causes rather than generating profit for owners or shareholders.