If You Were to Purchase a Car and the Assembly

question 112

Multiple Choice

If you were to purchase a car and the assembly of that car was dictated by your requirements before it was manufactured,you would be utilizing which type of manufacturing process?

• A)Customer-driven manufacturing
• B)Just-in-time manufacturing
• C)Customized construction
• D)Transaction-based production

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Definitions:

Condition Precedent

A condition under which the obligations of a contract will begin; also called “subject-to” clause.

Frustration

Interference with a contract by some outside, unforeseen event that makes performance impossible or essentially different in nature.

Equitable Remedy

A judicial order enforcing a party to act or refrain from acting in a certain way, used when monetary compensation does not suffice to resolve a legal dispute.

Frustration Clause

A frustration clause in a contract is a provision that releases both parties from their obligations if an unforeseeable event occurs, making it impossible to fulfill the contract.