Wrongfully Revoking an Acceptance Will Constitute a Breach of Contract

question 61

True/False

Wrongfully revoking an acceptance will constitute a breach of contract by the buyer.

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Definitions:

Tax

A mandatory monetary fee or tax levied by the government on people or organizations to support government spending.

Per Unit Tax

A tax that is levied on a per unit basis, typically imposed on specific goods or services.

Price Increase

A rise in the cost of goods or services.

Tax Revenue

The money collected by governments through the process of taxation.