CIMA Fundamentals of Ethics, Corporate Governance and Business Law BA4 Question # 99 Topic 10 Discussion

CIMA Fundamentals of Ethics, Corporate Governance and Business Law BA4 Question # 99 Topic 10 Discussion

BA4 Exam Topic 10 Question 99 Discussion:
Question #: 99
Topic #: 10

ABC Ltd has entered into a contract with DEF Ltd. The contract provides that breach a particular term entitles the innocent party to terminate the contract.  What is the legal status of that term?


A.

The term is a condition.


B.

The term is a warranty.


C.

The term is a penalty clause.


D.

The term is an in nominate term.


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