Which of the Following Is False with Regard to Ending

question 93

Multiple Choice

Which of the following is false with regard to ending a contract by agreement?

• A) A contract can be ended by agreement by "mutual release."
• B) A contract can be ended by one party if he finds a better deal, e.g., by cancelling an order that has been accepted, as long as this is done before performance.
• C) A contract can be ended by agreement if one party has performed his obligation and agrees to take something as satisfaction from the other although that other hasn't performed according to the contract.
• D) A contract can be ended by agreement if neither party to the contract has performed his or her obligation.
• E) A contract can be ended by the happening of a "condition subsequent" provided for in the contract.

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Definitions:

Profile

A description or analysis of the characteristics, qualities, or activities of a person, organization, or thing.

Net Present Value

A financial metric that calculates the present value of all cash inflows and outflows of a project or investment, using a specific discount rate.

Internal Rate

Commonly signifies the internal rate of return (IRR), identified as the discount rate that sets the net present value (NPV) of all cash flows pertaining to a specific project at zero.

Financial Analysis

The evaluation of a company's financial statements to determine its performance and make future predictions, often involving ratio and trend analysis.