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OMGT 4313 Final GRADED A LATEST 2023/2024 -200 QUESTIONS AND ANSWERS Mega Co. contracts with Service Co. to manufacture 100 custom service trucks, to be delivered in ten months. One month after making the contract, Mega Co. learns that its supplies will cost double what it expected. Thus, Mega Co. will lose $800,000 if it performs the contract with Service Co. Mega Co. advises Service Co. that it will not perform under the contract. This is called ______. - CORRECT ANSWER Anticipatory repundiation The ___________ establishes a deadline by which a party must sue to enforce a contract. - CORRECT ANSWER Statute of limitations If Party A breaches the contract, Party B can sue for damages. Party B still must perform any outstanding duties under the contract, unless Party A's breach was _______, in which case Party B is discharged from performance. - CORRECT ANSWER material A party's duties under a contract may be discharged (terminated) by the party's performance of the duties or by ____________. - CORRECT ANSWER Agreement of the parties Which of the following are defenses to negligence claims? I. superseding event; II.