Question: Time for performance is a material element of contract s performance when the contract states time is of the essence and there are set performance

Time for performance is a material element of contracts performance when the contract states time is of the essence and there are set performance dates.
True
False

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

MAR-10-2010 07:43P FROM: I CHOICE LLC 9145123000 TO:5123000 P.1 PRACTICE SET Introduction In the practice set you will have the opportunity to maintain a set of accounting records for a typical local...

Q:

Answer the following questions: Attached screenshots is for question 3. I have put the page number on the screenshots. 11:18 AM Sun Mar 5 . . . @ 96%...

Q:

It's divided in 2 parts: Part 1: Summarize all of it in 1 page (Use word or docs for reference) Part 2: Answer Short question after summarizing all. This would help a lot, thank you! Part 1:...

Q:

MGMT 345 - Organizational and Industrial Psych Chapter 7 - Performance Management Textbook- Psychology Applies to Work- 12 Edition By- Paul M. Muchinsky & Satoris S.Howes 1) Evaluations of an...

Q:

1. The right to terminate a construction contract for default generally arises only when a non-material provision of the contract has been breached or a party has failed to perform a non-material...

Q:

Regulations created and enforced by federal regulatory agencies are examples of Group of answer choices Securities laws Administrative laws Antitrust laws Labor laws Flag this Question Question 5...

Q:

1. Generally, under employment at-will doctrine, an employer may fire an employee at any time for any reason. True False 2. Any employee who works more than 8 hours per day must be paid overtime....

Q:

Regulations created and enforced by federal regulatory agencies are examples of Group of answer choices Securities laws Administrative laws Antitrust laws Labor laws Flag this Question Question 5...

Q:

Miranda, Paula's direct supervisor, often tells Paula that she is beautiful and that she should wear tighter sweaters. Paula repeatedly asks Miranda to stop commenting on her appearance. When Paula...

Q:

TRUE OR FALSE Anticipatory repudiation may be used when a party has knowledge that either a complete or a partial breach will occur by the other party. Steve is an avid bicyclist and sends in a $150...

Q:

TRUE OR FALSE Anticipatory repudiation may be used when a party has knowledge that either a complete or a partial breach will occur by the other party. Steve is an avid bicyclist and sends in a $150...

Q:

Birch Corp. is a real estate developer with its headquarters in Burlington, Ontario. As a result of recent increases in land prices, Birch has accumulated a substantial amount of excess cash. It is...

Q:

List and briefly discuss the five major reasons for borrowing money through a consumer loan.

Q:

As interest rates fall: Question 7 7 options: 1 ) The values of bonds rise. 2 ) The value of bonds fall. 3 ) The values of bonds are unchanged. 4 ) The value of perpetuities are unchanged, but the...

Q:

-/1 View Policies Current Attempt in Progress The following amortization and interest schedule reflects the issuance of 10-year bonds by Bridgeport Corporation on January 1, 2014, and the subsequent...