The Cost of Building a New Interstate Highway System Is

question 17

Multiple Choice

The cost of building a new interstate highway system is reported to be high at $25 billion.Does it necessarily follow that the interstate highway is not worth building?

• A) Yes,because it is better to spend $25 billion on ending poverty than on building another interstate highway system.
• B) No,because building a new interstate highway system promotes economic growth,which helps everyone.
• C) No,because the benefits of building a new interstate highway system may be greater than $25 billion.
• D) Yes,because the benefits of building a new interstate highway system may be greater than $25 billion.

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Definitions:

Substituted Contract

An agreement that replaces an existing contract, typically with the consent of all parties involved, establishing new terms and obligations.

Novation

The act of replacing one party in a contract with another party, or altering the terms of a contract, with all parties' consent, resulting in a new agreement.

Material Breach

A significant violation of a contract that permits the other party to either compel performance, seek remedies for damages, or terminate the agreement.

Nonbreaching Party

The party in a contract who has not violated the agreement and may be entitled to legal remedies.