A(n) ________ Breach of a Contract Occurs When a Party

question 6

Multiple Choice

A(n) ________ breach of a contract occurs when a party renders inferior performance of his or her contractual obligations that impairs or destroys the essence of the contract.

• A) material
• B) minor
• C) anticipatory
• D) defensive

---

Definitions:

Equation

A mathematical statement that asserts the equality of two expressions.

Straight Line

In economics, often represents a simple linear relationship in models, such as the budget constraint in consumer theory.

Substitute Goods

Products or services that can be used in place of each other, affecting demand when the price of one changes.

Papayas

No real economic definition; presumably referring to the tropical fruit as a commodity in the context of trade, agriculture, or market pricing.