After the Depression of the 1930s and the Interruption of World

question 17

Multiple Choice

After the depression of the 1930s and the interruption of World War II,in the post-war period?(1945-50) private investment

• A) fell back to the 1920s level.
• B) rose to unprecedented levels.
• C) collapsed in the 1948 downturn and then returned to the stagnation levels of the 1930s.
• D) did none of the above.

---

Definitions:

Breach of Warranty

A Breach of Warranty occurs when a guarantee or promise about a product or service's condition, quality, or performance is not met, leading potentially to remedies such as repair, replacement, or compensation.

Exemption Clauses

Provisions in a contract that limit or exclude one party’s liability under certain circumstances.

Frustrated Contracts Act

Legislation that addresses situations where a contract, through no fault of the parties involved, cannot be fulfilled.

Deposit

Money prepaid with the provision that the funds are to be forfeited in the event of a breach of contract.