To Ensure That a Nominal Payment Represents a Constant Level

question 188

Multiple Choice

To ensure that a nominal payment represents a constant level of purchasing power over time,one should

• A) add a price index to it.
• B) subtract a price index from it.
• C) divide it by a price index.
• D) reduce it by the percentage change in the price index.
• E) increase it by a percentage equal to the rate of inflation for that year.

Describe how contracts can be discharged by mutual agreement and operation of law.

Explain the doctrine of frustration of purpose and its applicability in contract law.

Differentiate between types of breaches and their consequences in contract performance.

Explain the role and consequences of conditions (precedent, concurrent, subsequent) in contracts.