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NEW QUESTION 44
Which of the following will you put into box 3?
- A. Specification
- B. Payment Term
- C. Subcontracting
- D. Time is of the Essence
Answer: A
Explanation:
The correct answers are as follows:
Specifying the food needs to be organic is a 'specification'
NEW QUESTION 45
Which of the following will you put into box 8?
- A. Innominate Term
- B. Condition
- C. Warranty
Answer: A
Explanation:
The correct answers are as follows:
This is a condition. Again the food being organic would be fundamental to the contract as the health of the llamas depend on it.
This is arbitration as it involves a panel.
This is an innominate term as it won't be mentioned in the contract. It won't be until a breach occurs when it is decided whether the issue of subcontracting is a condition or a warranty, and which one it will be, will likely depend on the situation. For example if they subcontract out to a non-organic llama food provider, that would probably be a Condition. If they get help fulfilling an order and the subcontractor is also organic, that's probably a warranty.
NEW QUESTION 46
Which of the following will you put into box 2?
- A. anticipatory breach
- B. payment terms
- C. specification
- D. fundamental breach
Answer: B
Explanation:
The correct answers are as follows:
This is payment terms- the clues here are 'financial' and 'progress payments'
NEW QUESTION 47
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