Poole Contractors makes a contract with Delta Resources to pay $50,000 for the supply of 500 truckloads of sand within a week. Delta Resources delivers the sand in two days after the contract was made. Poole Contractors pays the $50,000 promised in the contract. This is an instance of ________.
A. substantial performance
B. a material breach
C. a minor breach
D. strict performance
Answer: D
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Callable bonds are redeemable by the issuing corporation within the period of time and at the price stated in thebond indenture
a. True b. False Indicate whether the statement is true or false
If you have received a job offer from another firm and don't want to accept before you have an answer from the first firm, what might be an appropriate action?
A) Delay the second firm as long as possible B) Call the first firm and demand an immediate decision C) Use the offer as leverage for a higher starting salary D) Send a message of inquiry explaining the situation E) Accept the offer and quit if the first offer comes through
Which of the following is most likely gained by stores that cluster together?
A) decreased competition B) increased customer pulling power C) compliance with franchise agreements D) creation of retailer cooperatives E) standardization of the service mix
Marcia buys a $3,000 high-definition plasma television for her home on credit extended by the seller, Current City. Current City requires Marcia to sign a security agreement
Current City has a ________ interest in the television that is automatically perfected at the time of the credit sale. A) cumulative security B) future advance monetary C) default D) purchase money security