On March 6^th,the Limestone Student Society Entered into a Contract

question 4

True/False

On March 6^th,the Limestone Student Society entered into a contract with the "Stumbling Stones," a rock group,to give a performance at the Limestone U Students' Union on March 31^st.On March 29^th,the "Stumbling Stones" fell ill with the flu,and were unable to travel to Limestone City.Another rock group was contacted by the Stumbling Stones to appear in their place,and arrived at the Students' Union in time to perform.The Limestone Student Society must allow the substitute rock group to perform by virtue of the legal doctrine of vicarious performance.

---

Definitions:

Paid Now

A term indicating an immediate payment or settlement of a transaction.

Rate Of Return

How much an investment's value has grown or shrunk over an agreed-upon time, expressed as a percent of its original price.

Investor Indifferent

A state in which an investor has no preference between two or more investments because they are perceived as equivalent in value.

Rate Of Return

The increase or decrease in the value of an investment during a given time frame, represented as a percentage of the investment's original price.