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 two days after the contract was made, and Poole Contractors pays it $50,000 promised in the contract. This is an instance of ________.
A) substantial performance
B) material breach
C) minor breach
D) strict performance
D
You might also like to view...
Dividends in arrears pertain only to cumulative preferred stock
Indicate whether the statement is true or false
In process costing, it is reasonable to assume uniform application of material costs
Indicate whether the statement is true or false
All projects are unique:
A) Therefore all project management circumstances are equally unique. B) So knowledge cannot be transferred. C) But they may have several common points. D) So knowledge should not be transferred to avoid bias in future projects.
Which of the items below should you expect to receive from a full-service broker?
A) Privileged (inside) information about certain companies B) Assistance in tailoring a portfolio to meet your needs C) Assistance in preparing your income tax return D) all of the above