Question

Which of the following statements is true of a waiver?

A. It generally occurs when a contracting party announces the other party does not have to perform as promised.

B. It requires a condition subsequent to be present in a contract in order to be evoked by a nonperforming party.

C. It can be granted by the breaching party.

D. It is bargained for and is supported by consideration.

E. It generally occurs after a contracting party fails to perform.

Answer

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