Once a party has waived rights to a portion of a contract that has not yet been performed, that party may retract the waiver: Select one:

a. if there is a material change of position by the other party.

b. unconditionally.

c. by giving reasonable notice that strict performance will be required.

d. only if the other party does not object to it.

Question

Business

Kenny Deleon

16 June, 07:32

Once a party has waived rights to a portion of a contract that has not yet been performed, that party may retract the waiver: Select one:

a. if there is a material change of position by the other party.

b. unconditionally.

c. by giving reasonable notice that strict performance will be required.

d. only if the other party does not object to it.

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Answers (1)

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Sierra Solomon · Answer 1

Answer: by giving reasonable notice that strict performance will be required

Explanation:

This law strictly has to do with contract modifications and sale of goods. It should be noted that an agreement that modifies a contract in this particular article does not need any consideration for it to be binding.

Once a party has waived rights to a portion of a contract that has not yet been performed, that party may retract the waiver when a reasonable notification has been gotten by the other party that is involved that there will be a strict performance that will be required of the term that has been waived, unless in situations whereby the retraction can be seen as being unfair due to the material change that occur.