Examlex

Solved

Why Might a Material Variance Arise

question 83

Multiple Choice

Why might a material variance arise?


Definitions:

Resell

The act of selling an item or property previously purchased, to another buyer.

Repudiating Party

In contract law, the party who refuses to fulfill their contract obligations, effectively rejecting the contract.

Right To Cure

A legal right allowing a party in breach of contract a period of time to fix or remedy the breach before facing legal consequences or termination of the contract.

NonConforming Goods

Products delivered under a contract that fail to meet the specifications or quality standards agreed upon by the buyer and seller.

Related Questions