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vladimir2022 [97]
3 years ago
6

Seller Deangelo agreed to mediate the radon gas problem in his basement within 31 days. It has been 31 days and he still has not

addressed the issue. What is the current status of the sales contract?
Business
1 answer:
emmainna [20.7K]3 years ago
8 0

Answer:

Deangelo has defaulted on the contract.

Explanation:

A party to a contract is said to have defaulted on a contract when a non material breach of a contract occurs. One of the parties to the contract fails to meet his obligations.

So the failure to do what is expected within a given time frame will result in default of the contract. The contract can now be cancelled.

In the given instance DeAngelo had an obligation to mediate the radon gas problem in his basement within 31 days.

He has failed to do this at the end of 31 days so he has defaulted on the contract

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<h3>What is a line of credit?</h3>

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The missing information in the question is given below:

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Therefore, Here, in the given case, Mort was offered a<u> line of credit </u>financial facility. Therefore, Option D is the correct choice.

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if an economy is experiencing a cyclical downturn and output does not return to the secular growth trend, the economy is said to
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The population may be decreasing and yet the country is experiencing stagnation.

Therefore, If an economy is experiencing a cyclical downturn and output does not return to the secular growth trend, the economy is said to be experiencing structural stagnation.

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Laura wants to improve her employees’ engagement. to do so, she should try to increase their
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