A Contract Is Discharged When Its Specific Subject Matter Is

question 33

True/False

A contract is discharged when its specific subject matter is destroyed.

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Definitions:

Credit Sales

Sales made by a business where payment is delayed as per agreed terms between the seller and the buyer.

Direct Labor

The wages and benefits paid to workers who are directly involved in the production of goods.

Raw Materials

The basic materials that are used in the production process of goods, which will be transformed into finished products.

Finished Goods

Items that have finished the production cycle and are available for purchase by consumers.