Examlex

Solved

In a Business Cycle,a Period from Peak to Trough May

question 62

Multiple Choice

In a business cycle,a period from peak to trough may be referred to as ________.


Definitions:

Discharged By Frustration

A contract termination because an unforeseen event makes contractual obligations impossible to perform or drastically changes the party's principal purpose for entering into the contract.

Anticipatory Breach

An indication that one party intends not to fulfil their contractual obligations before the time of performance is due.

Freak Airplane Accident

An unusual and unexpected airplane incident resulting in damage or injury.

Contract Frustration

A legal concept that occurs when unforeseen circumstances prevent the fulfillment of a contract, thus releasing the parties from their contractual obligations.

Related Questions