When Managing Desirable Long-Term Contractual Business Relationships,each Party's Insistence on Strict

Multiple Choice

When managing desirable long-term contractual business relationships,each party's insistence on strict adherence to their respective legal rights may not be a suitable option for the business.Which of the following is an example of an alternative method of dealing with a breach of contract?

A) Treat the subject matter of the contract as a standard or ordinary commodity.
B) Maintain the project's profitability by insisting on full compensation for any loss.
C) Seek sufficient compensation for any resulting loss, but extend time for payment.
D) Show respect for the other party while seeking a standard of reasonableness in return.