Q.6. Which of the following best describes “breach of contract”? an oral promise that is broken a written promise that is broken an expectation that isn’t met a failure, without legal excuse, to perform any promise that forms all or part of a contract.Select one and explain?
Q.6. Which of the following best describes “breach of contract”? an oral promise that is broken a written promise that is broken an expectation that isn’t met a failure, without legal excuse, to perform any promise that forms all or part of a contract.Select one and explain?
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
Related questions
Question
Q.6. Which of the following best describes “breach of contract”?
- an oral promise that is broken
- a written promise that is broken
- an expectation that isn’t met
- a failure, without legal excuse, to perform any promise that forms all or part of a contract.Select one and explain?
Expert Solution

Step 1
Answer :- (4) A failure, without legal excuse, to perform any promise that forms all or part of a contract.
Step by step
Solved in 2 steps

Recommended textbooks for you

Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education

Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON

Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning

Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education

Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON

Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning

Management Information Systems: Managing The Digi…
Management
ISBN:
9780135191798
Author:
Kenneth C. Laudon, Jane P. Laudon
Publisher:
PEARSON

Business Essentials (12th Edition) (What's New in…
Management
ISBN:
9780134728391
Author:
Ronald J. Ebert, Ricky W. Griffin
Publisher:
PEARSON

Fundamentals of Management (10th Edition)
Management
ISBN:
9780134237473
Author:
Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:
PEARSON