Refer to the Graph

question 260

Multiple Choice

Refer to the graph. The movement from line A to line A' represents a change in:

• A) the slope only.
• B) the intercept only.
• C) both the slope and the intercept.
• D) neither the slope nor the intercept.

---

Definitions:

Excused from Performance

A legal concept where a party is released from fulfilling their obligations under a contract due to unforeseen circumstances that make performance impossible or impracticable.

Mitigate Damages

The requirement for an injured party to take reasonable action to minimize the amount of damages caused by a breach of contract or tort.

Breach of Contract

The violation of a contractual obligation, where one party fails to fulfill their part of the agreement.

Subjective Standards

Criteria based on personal opinions, interpretations, or judgments rather than objective measurements.