AAFM GLO_AFA_LVL_1 Q&A - in .pdf

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NEW QUESTION: 1
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 penalty clause.
B. The term is a warranty.
C. The term is an in nominate term.
D. The term is a condition.
Answer: D

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