The problems created by a failure of performance, arise typically
A) when a party is notified of the other's failure to perform.
B) as the parties enter into a collateral contract.
C) when the promisee is about to perform.
D) when the agreement is executed.
E) only when the time for performance arrives or during performance.

Question

Quizplus · Accepted Answer

Problems created by a failure of performance typically arise only when the time for performance arrives or during performance. At this point, it becomes clear whether one of the parties will be unable or unwilling to carry out their obligations under the agreement. The other choices do not accurately reflect when problems created by a failure of performance arise.

The Problems Created by a Failure of Performance, Arise Typically