question archive Which of the following statements concerning delay is incorrect? * (A) there is no delay in obligations not to do
Which of the following statements concerning delay is incorrect? * (A) there is no delay in obligations not to do
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Which of the following statements concerning delay is incorrect? *
(A) there is no delay in obligations not to do.
(B) as a rule, delay exists when the debtor does not perform his obligation on due date.
(C) as a rule, demand is required in order for delay to exist.
(D) when time is of the essence of the contract, delay on the part of the debtor exists despite the absence of demand.
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A) there is no delay in obligations not to do.
(B) as a rule, delay exists when the debtor does not perform his obligation on due date.
(C) as a rule, demand is required in order for delay to exist.
(D) when time is of the essence of the contract, delay on the part of the debtor exists despite the absence of demand.
Step-by-step explanation
The reason B is chosen the defaults debtor in the loans payment with the required law that demands need to be completed by the creditor before debtors are considered delayed with payments, besides the contract that provided with no demands that is needed for the exist delay.
