Which of the Following Will NOT Result in the Discharge

question 10

Multiple Choice

Which of the following will NOT result in the discharge of a contract by operation of law?

• A)The merger of a simple contract into a formal contract.
• B)The death of one of the parties to a contract other than for personal services.
• C)The material alteration of a written contract without the consent of the other party.
• D)The bankruptcy of one of the parties.

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Definitions:

Expenditures

The total amount of money spent by individuals, businesses, or governments on goods and services.

GDP

Gross Domestic Product, a measure of the economic performance of a country, calculated as the total value of all goods and services produced within the country in a specific time period.

Unfunded Promises

Commitments or obligations, especially by a government, for which no money has been set aside to fulfill them.

Economic Theory

A set of principles and frameworks that aim to explain and predict the behaviors of individuals, firms, and governments in an economy.