Where One Party Refuses to Perform His Contractual Obligations, What

question 87

Multiple Choice

Where one party refuses to perform his contractual obligations, what is the risk that the second party runs if he continues to press the first party to perform?

• A) The second party might receive more damages for which he can't recover compensation.
• B) The first party might breach a condition subsequent.
• C) The first party may continue to refuse to perform, and there is nothing the second party can do about that.
• D) The contract may be discharged by frustration.
• E) The first party might expressly repudiate the contract and therefore not be liable for breach.

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Definitions:

Percent Change

A measure that denotes the degree of change over time, calculated by subtracting the original value from the new value, then dividing by the original value and multiplying by 100 to get a percentage.

Percent More

A relative increase from one value to another expressed as a percentage.

Initial Value

The starting value of a financial variable before any changes, such as interest or depreciation, are applied.

Percent Change

The measure of how much a quantity grows or shrinks compared to its previous value, often expressed as a percentage.