Determine Whether the Statement Is True or False

question 109

Essay

Determine whether the statement is true or false. If it is true, explain why it is true. If it is false, give an example to show why it is false.
If gives rise to a (constrained) relative extremum of subject to the constraint , then also gives rise to the unconstrained relative extremum of .

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Definitions:

Substantial Performance

A legal principle indicating that a party has completed enough of its contractual obligations to warrant payment, despite minor deviations from the contract terms.

Uniform Commercial Code

The Uniform Commercial Code sets forth guidelines for commercial transactions, aiming to standardize and streamline processes across state lines within the United States.

Good Faith

The honest intention to act without taking an unfair advantage over another party, often a requirement in contract law.

Fair Dealing

A legal doctrine aimed at ensuring fairness in commercial transactions and preventing unethical behavior, often involving the honest and straightforward conduct of parties in a transaction.