When a Condition Is Breached,the Victim Can Only Sue for Damages

question 125

True/False

When a condition is breached,the victim can only sue for damages but must continue to perform his or her obligations under the contract.

---

Definitions:

Product Cost

The total expense incurred to manufacture a product or deliver a service, including materials, labor, and overhead costs.

Product Cost

The total of costs directly assigned to the production of a product, including raw materials, labor, and manufacturing overhead.

Period Cost

Expenses directly tied to business operations but not a part of the cost of manufacturing or producing goods, often administrative or sales expenses.

Conversion Costs

The combined costs of direct labor and manufacturing overhead involved in transforming materials into finished products.