Which of the Following Is an Example of a Potential

question 41

Multiple Choice

Which of the following is an example of a potential substitute product?

• A)Margarine for butter
• B)Ink cartridges for printers
• C)Mops for detergent
• D)iTunes for iPods
• E)Furniture for apartments

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Definitions:

Reasonable Expectations

The anticipation or belief regarding a particular outcome or behavior under ordinary circumstances by a reasonable person.

Condition Subsequent

A future event or circumstance that, if it occurs, may terminate a party's obligation under a contract.

Constructive Condition

An implied condition in contracts that must be met before the obligation of the other party becomes due, even if it is not explicitly stated in the contract itself.

Impracticability

A doctrine that excuses a party from performing a contract when unforeseen events make performance excessively difficult or expensive.