Examlex

Solved

Ken Entered into a Contract with Horst to Haul Gravel

question 46

True/False

Ken entered into a contract with Horst to haul gravel in his large tandem truck from Horst's gravel pit to a building site some three miles distant,at $60 per load.Before Ken was to begin performance,his truck was destroyed in a serious traffic accident.
-If Ken deliberately destroyed his truck,Horst can insist that he perform the agreement or compensate Horst for any loss that might result from Ken's non-performance.


Definitions:

Capitalist Society

A capitalist society is one in which the means of production and distribution are privately owned and operated for profit, often characterized by competitive markets, capital accumulation, and wage labor.

Terminology

The set of specialized words and expressions used in a particular profession, topic, or area of study.

Development

A process of improvement in the quality of life of a population, including economic growth, social equity, and environmental sustainability.

Foreign Aid

Financial, technical, or humanitarian assistance provided by one country to another, often aimed at promoting development or welfare.

Related Questions