Poole Contractors Makes a Contract with Delta Resources to Pay

question 56

Multiple Choice

Poole Contractors makes a contract with Delta Resources to pay $50,000 for the supply of 500 truckloads of sand within a week. Delta Resources delivers the sand two days after the contract was made, and Poole Contractors pays it $50,000 promised in the contract. This is an instance of ________.

• A) substantial performance
• B) material breach
• C) minor breach
• D) strict performance

Recognize the process of self-actualization and its implications for personal fulfillment and career choices.

Understand the physiological and psychological mechanisms behind the experiences of drives and needs.

Learn about the formation of habits as adaptive responses to manage stress or anxiety.

Understand how physiological needs drive individuals towards specific behaviors to meet those needs.

---

Definitions:

Factors of Production

The inputs used in the production of goods or services, including land, labor, capital, and entrepreneurship.

Economic Resources

Inputs used in the production of goods and services, including land, labor, capital, and entrepreneurship.

Consumption Goods

Goods that are used by consumers for personal use and satisfaction, not for production or investment.

Lollipops

A hard candy on a stick.