A ______ exists when a party to a contract announces that the other party does not have to perform as promised.
A) release
B) waiver
C) surrender
D) breach
E) tender

Question

Quizplus · Accepted Answer

When a party announces the other party does not have to perform as promised, a release exists. When a party intentionally relinquishes a right to enforce the contract, a waiver occurs.

A ______ Exists When a Party to a Contract Announces