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Accounting Law > exam 3 > Flashcards

exam 3 Flashcards

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1
Q

When may a party be discharged from a valid contract?

A

Complete or substantial performance

Material Breach by the other party

A condition occuring or not occuring

Agreement of parties

Operation of Law

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2
Q

What are the three types of conditions of performance when it comes to a contract?

A

Conditions Precedent

Conditions Subsequent

Conditions Concurrent

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Accounting Law (2 decks)

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