Exam 7: Contracts: Ending Contracts

A condition is an essential term of a contract.

Jurisdiction and governing law are issues that arise in breaches of e-contracts.

When a party misses a limitation period, the contract can come to an end by operation of law.

A discharge of a contract occurs when one party has completed its obligations to the satisfaction of the other party.

Breach of contract will end a contract when the essential terms of a contract have been breached.

Which of the following clauses will require you to pay all the losses incurred by another party in a contract?

Clauses in a contract that specify when the obligations begin is a(n):

Breach of contract will end a contract when a minor term of a contract has been breached.

Clauses in a contract that specify that a certain event will end the contract before completion is a(n):

Guthrie Caterers failed to turn up as contracted to cater George and Susan's wedding reception. The deposit, which was the only money paid to that point, was returned by courier the next morning without comment. There was an express repudiation of the contract when Guthrie failed to arrive when and where it should have.

You are very excited as you enter the car lot to purchase your first new vehicle. You have your heart set on a red one. After lots of negotiation you sign a contract for a small red vehicle. You return to the lot 2 weeks later to pick up your new vehicle and are surprised to see a small rusty brown car. You are not happy and the dealer tells you that the rust brown is a type of red and that is what your contract states. You tell him the contract is wrong and you walk away. You can successfully sue for breach if you can show that the colour red was:

Mario, a professional entertainer, entered into a one-year contract with Barnum to perform exclusively at Barnum's theatre and nowhere else during that period of time. A week after the agreement was signed, Mario entered into another agreement with a competitor of Barnum to perform at his opera house. The monetary amount that Barnum would be entitled to receive as compensation from Mario would be the amount of the loss that Mario could reasonably have foreseen at the time that the contract was entered into by the parties.

Parties can end their contract by substituting a new agreement for the original one.

Which of the following is not a discharge of a contract by agreement?

Which of the following is not an equitable remedy available in a breach of contract lawsuit?

A clause in a contract that says the contract will end when a certain condition is not met is a condition subsequent.

There are five (5) ways that a contract can come to an end.

Parties can insert an option to terminate in their contract which allows them to end the contract.

Obligations under a contract are ended when each party has performed or completed their obligations.

Marnie fails to deliver any of the fruit pies she had contracted to make for Benny's Bakery. If Benny really wanted the pies and felt that Marnie would be able to meet her commitments, he could choose to treat the breach of condition as if it were a breach of warranty.