Exam 14: The Termination of Contracts: Breach of Contract

Sometimes a breach occurs before the performance date of a contract. What is this type of breach called?

Arnold contracted to sell Bielar an office building for $500,000. The entire amount according to the contract was to be paid at the closing. Arnold refused to close the deal. Bielar sued Arnold. To what relief is Bielar entitled?

State statutes generally allow punitive damages to be awarded for a breach of contract

To be a defense in a suit for breach of contract, a mistake about some fact in a contract must have been made by ____________________ parties.

Duress and undue influence have the same meaning.

An error about certain material facts made by one party to a contract is called a(n) ____________________.

Money damages awarded for a breach of contract are an example of a legal remedy.

A person who forces another to enter into a contract through violence or threats is guilty of ____________________.

An actual ____________________ of ____________________ occurs when one party to a contract fails to perform the obligations required.

A breach of contract that occurs before the performance date is called a(n) ____________________.