Exam 13: The Termination of Contracts: Discharge

Because of a severe throat ailment, Dodd, a singer, was unable to give a concert at Runson Hall according to the terms of his contract. Under the common law rule, Dodd is obligated to obtain a substitute.

The offer to pay a sum of money, if refused, discharges the contract.

Palmere owed Witmore $2,000. According to the terms of the agreement the money is due at noon on March 1 at Witmore's place of business. If Palmere tenders $2,000 in cash at the agreed place

Under the common law, a contract is discharged by ____________________ if a law is passed making the performance illegal.

A novation is another name for an accord and satisfaction.

When Wilson finished painting Bryan's house, Bryan paid her the agreed price. The contract was discharged by

Performing a contract involves either paying money or performing a(n) ____________________.

Which of the following statements is true about the term subjective impossibility?

How does full performance differ from substantial performance?

Both an accord and a satisfaction are needed to discharge a contract.

Freeman contracted to build a wooden garage for Douglas. Before construction began, a local ordinance was enacted prohibiting wooden structures in the zone where the garage was to be located. The agreement is ineffective under the common law because of

The most common method of discharging contracts is by ____________________.

If one party to a contract deliberately makes a material change in its terms without permission of the other party, the contract is discharged by impossibility.

Substantial performance is

You borrowed $500 from the bank, agreeing to repay the money in five equal installments on the 15^th of each month. Without your permission, the bank changed the payment date to the 14^th. The contract is

A valid claim filed after the statute of limitations has expired is usually

A contract is not generally discharged by

____________________ occurs when all but the minor details of a contract have been completed.

Subjective impossibility usually discharges a contract.

Abel entered into a written agreement with Burrows to buy a horse. In the meantime, the horse died. Under the common law, this contract was discharged by