A(n) Blank______ occurs whenever a party fails to perform her obligations under the contract.Multiple choice question.material breachsubstantial breachbreachrescission

Which of the following is not a commonly recognized way by which a party's contractual obligations can be terminated?Multiple choice question.A material breach by one of the parties to the contractOperation of lawA material breach by both of the parties to the contractA labor cost increase

A(n) Blank______ is a statement made in court, under oath, or at some stage in a legal proceeding in which one party against whom charges have been brought admits that an oral contract existed, even though the contract was required to be in writing.Multiple choice question.admissionacceptancerecognizancedisclosure

occurs when a party fails to perform certain express or implied obligations, which impairs or destroys the very essence of a contract.(1 Point)FraudMaterial breach of contractBreach of contractMisrepresentation

A legally binding agreement between two parties is known as a Blank______.Multiple choice question.comfort lettercontractpreference sharewarrant

Contracts containing conditions affecting the performance obligations of the parties are called Blank______ contracts.Multiple choice question.subrogationconditionaldelegationnullification