Craft Engineering,Inc

question 43

Multiple Choice

Craft Engineering,Inc.,contracts for a sale of technical instruments to Detail Design Company.Before the date on which performance is due,Craft notifies Detail that it will not perform.This is

• A)anticipatory repudiation.
• B)perfect tender.
• C)rejection of performance.
• D)revocation of acceptance.

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Definitions:

Aggregate Demand

Summation of demand for all goods and services in an economy, factored at a certain price level and within a definite time span.

Unemployment

The condition where individuals who are capable of working and are actively seeking a job are unable to find employment.

Policymakers

Individuals or groups responsible for making decisions on public policy, shaping laws, regulations, and guidelines that govern the country or specific sectors.

Anticipated

Expected or predicted, often used in contexts where outcomes or events are seen as probable based on current information or trends.