Which Term Describes When a Party Unjustifiably Fails to Substantially

question 13

Multiple Choice

Which term describes when a party unjustifiably fails to substantially perform his or her obligations under the contract?

• A)Crossed breach
• B)Immaterial breach
• C)Material breach
• D)Delineated breach
• E)Substantial breach

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Definitions:

Marginal Costs

Marginal costs refer to the increase or decrease in the total cost of producing one more unit of a good or service.

Marginal Productivity

The additional output that results from employing one more unit of input, such as labor or capital, while keeping other inputs constant.

Fixed Costs

Costs that remain constant regardless of the amount of goods produced or sold, like wages or lease payments.

Marginal Costs

The extra expense incurred from making one more unit of a product or service.