Belle Enters into a Contract to Subdivide and Sell Housing

question 24

Multiple Choice

Belle enters into a contract to subdivide and sell housing lots in Colin's hillside field if Dell City annexes the property within the next year.Belle's duty to perform is

• A)absolute.
• B)conditional.
• C)illusional.
• D)irresolute.

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Definitions:

Paraphrase

The act of rewording or restating something written or spoken by someone else, to achieve better clarity or a different perspective.

Zero-profit Equilibrium

A situation where firms in a perfectly competitive market earn just enough revenue to cover their total costs.

Consumer Preference

The inclination of consumers to favor certain products, brands, or services over others, influenced by tastes, values, and socio-economic factors.

Capital Inflow

The movement of funds into a country, typically in the form of investments, that can be used for further economic development.