Johnson entered into a contract to sell his computer to Madison for $950. Johnson then changed his mind and refused to deliver the computer to Madison as agreed. Johnson's failure to deliver the computer is considered to be
A) an acceptance.
B) a breach of contract.
C) a quasi agreement.
D) a performed contract.
Correct Answer:
Verified
Q1: A contract
A) can never be implied from
Q2: When a party to a contract fails
Q3: A void contract has no legal effect.
Q4: Legally, all contracts are agreements, but not
Q5: An insurance policy is a good example
Q7: In a bilateral contract, only one party
Q8: In a bilateral contract, the offeree's promise
Q9: Voidable contracts are legal agreements that lack
Q10: The initial step toward forming a contract
Q11: Each party to a contract obtains both
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