A similarity between a waiver and a release is that
A) there is a liability for a breach of contract in both cases.
B) both always occur before a contracting party fails to perform.
C) both require the payment of liquidation damages.
D) both always occur after a contracting party fails to perform.
E) nonperformance of contract is forgiven in both cases.

Question

Quizplus · Accepted Answer

A similarity between a waiver and a release is that nonperformance of a contract is forgiven in both cases and there is no liability for a breach of contract. The distinction between a waiver and a release is not important when examining the resulting discharge of the contract.

A Similarity Between a Waiver and a Release Is That