When One of the Parties Fails to Perform Their Obligations

question 19

Multiple Choice

When one of the parties fails to perform their obligations under the contract at the time agreed, this is called an:

• A) Actual breach.
• B) Total breach.
• C) Failure to comply.
• D) Anticipatory breach.

---

Definitions:

Income Distribution

The way in which total income is shared among the population or different sectors of an economy.

Welfare Recipients

Individuals or families receiving financial assistance or benefits from the government based on need.

Economic Analysis

The systematic approach to examining economic data, models, and theories to understand and predict economic phenomena and inform decisions.

Carbon Taxes

Financial charges imposed on the carbon content of fuels, aimed at reducing greenhouse gas emissions.