Once a Party Has Waived Rights to a Portion of a Contract

question 19

Multiple Choice

Once a party has waived rights to a portion of a contract that has not yet been performed, that party may retract the waiver:

• A) if there is a material change of position by the other party.
• B) unconditionally.
• C) by giving reasonable notice that strict performance will be required.
• D) only if the other party does not object to it.

---

Definitions:

Buyer Breaches

Occurs when a purchaser fails to comply with the terms of a contract or agreement.

Common Carrier

An individual or business that offers transportation services to the general public under the authority of a regulatory body.

Voidable Title

A condition in property law where a title can be declared invalid by one of the parties in the transaction, due to specific reasons such as fraud or misrepresentation.

Void Title

A situation where a property or asset transfer is invalid due to defects in the transaction process, leading to a lack of transfer of ownership.