Which of the following is true of the remedy of avoidance used by an injured party of a contract?
A. It can be used without notification to the injuring party.
B. It revokes all the provisions governing the rights and duties of the parties.
C. It cancels out any provisions in the contract concerning the settlement of disputes, once used.
D. It can be used in case a fundamental breach of the contract has been observed.
D
You might also like to view...
Evaluation of a salesperson’s “tenacity” and “enthusiasm” is known as a ________ appraisal.
A. behavior B. trait C. results D. process E. punishing
Ray Patel, a local DJ, bought sound equipment from Backstage Equipment Inc and paid by three post-dated cheques of $10,000 each. Backstage took out a loan for $30,000 and endorsed the cheques to its bank as security for the loan
The equipment totally failed and Patel wants to stop payment against the bank. Will he be successful? A) Yes, because the equipment did not work. B) Yes, if he put a stop payment before the due dates on the cheques C) No, because the bank is a holder in due course. D) No, because the bank actually lent $30,000 to Backstage. E) No, because the bank has a loan agreement with Backstage.
On a corporate income statement, interest is paid after taxes are paid
Indicate whether the statement is true or false.
The efforts of Coach Greene have made the Red Wolves the best soccer team in Arizona. The team owners tell Coach Greene that his efforts have vastly improved the team's performance and that they believe his continuing efforts will result in the Red Wolves being ranked as the best team in the conference. Which psychological empowerment concept best describes the effect of the owners' comments on Coach Greene's motivation?
A. competence B. self-determination C. self-dignity D. meaningfulness E. impact