Which of the Following Conditions Would Exempt Income-Producing Activities from the Unrelated

question 116

Multiple Choice

Which of the following conditions would exempt income-producing activities from the Unrelated Business Income Tax (UBIT) ?

• A) Majority of labor is performed by paid employees.
• B) The business is carried on regularly.
• C) It is operated for a profit.
• D) Merchandise is donated.

Identify the consequences of a breach of contract.

Recognize the principles of compensatory and other forms of damages.

Comprehend the legal concept of performance standards in contracts.

Distinguish between anticipatory repudiation and actual breach of contract.