Which of the Following Is False with Regard to Ending

question 124

Multiple Choice

Which of the following is false with regard to ending contracts and remedies?

• A) The term "condition precedent" refers to a clause in a contract that brings the contractual obligations of the parties to an end upon the happening of some specific event.
• B) A breach of condition allows the party who suffers the breach to terminate the contract.
• C) The equitable remedy of specific performance is available in those situations where monetary compensation would not be adequate.
• D) If a person ignores a court order, e.g., an injunction, he could be cited for contempt of court.
• E) If Sid incurred costs in preparing to perform a contract that is ended by frustration, the court can allow Sid to keep some of the deposit paid by the other party to help cover those costs.

---

Definitions:

True Locality Rule

A means to judge a health care provider’s actions on the basis of the standard of care used in the exact same locality or community.

Socioeconomic Character

Refers to the social and economic attributes that define the status or characteristics of individuals or groups within a society.

Duty of Loyalty

A legal obligation of fiduciaries, such as company directors and trustees, to act in the best interest of the entity or person they represent.

Actual Financial Loss

A monetary loss that can be quantified or accurately measured, resulting from specific events like theft or litigation.