The Brand Names of Producers,such as Kellogg's,Sherwin Williams,Harley-Davidson,and Ocean Spray

question 157

Multiple Choice

The brand names of producers,such as Kellogg's,Sherwin Williams,Harley-Davidson,and Ocean Spray are called _____ brands because of who owns them.

• A) manufacturers'
• B) private
• C) family
• D) individual
• E) master

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Definitions:

Anticipatory Repudiation

A declaration by one party to a contract that it intends to breach the contract before performance is due, allowing the other party to seek remedies.

Contracting Party

One of the entities involved in a legal agreement or contract, who agrees to fulfill certain obligations.

Performance

The execution, fulfillment, or accomplishment of terms as specified in a contract or agreement.

Material Breach

A significant violation of a contract that allows the non-breaching party to terminate the contract and seek damages.