In Which of the Following Is the Contract Not Ended

question 39

Multiple Choice

In which of the following is the contract not ended by agreement?

• A) Goode contracted to sell his pony to Reston. Goode then changed his mind and told Reston he didn't want to sell the pony but would give him two lambs instead. Reston agreed to the substitutes.
• B) Randy visited Terry two weeks after the contract but one month before performance date to say he wouldn't do it. Terry had already paid Randy for the work. After hearing Randy's story, Terry said, "Just forget it, good bye and good luck."
• C) Sean hired two students to do a market survey for him for $3,000. Before the students had begun the work, they both had received offers for full time jobs. They told Sean they wanted out of the contract. Sean said, "O.K., I'm short of cash anyway."
• D) After party A of the contract paid, party B said he couldn't perform. Party A agreed to waive B's obligation if B would return the money paid to him. B agreed.
• E) The event contained in the condition subsequent provision of the contract has happened.

Apply economic principles to group dynamics and productivity.

Calculate and interpret average, marginal, and total costs.

Assess cost-benefit scenarios in business operations.

Apply principles of economics to personal financial decisions.

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Definitions:

Bereaved Parents

Mothers and fathers who have experienced the death of a child, coping with profound loss and grief.

Sense Of Purpose

An individual's sense of direction, meaning, or intentionality in their actions, often contributing to overall well-being and satisfaction in life.

Legacy

Something transmitted by or received from an ancestor or predecessor or from the past.

Sense Of Normalcy

The feeling or perception that one's life, conditions, or situation are normal or typical.