Exam 16: Performance and Discharge

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Quest Resources,Inc.,contracts with Ring Communications Corporation (RCC)for RCC to design and build an all-weather communications sys-tem for Quest's field operations. RCC builds the system,but it func-tions effec-tively only in good weather. Is this a breach of the contract? If so,what remedies does Quest have?

(Essay)

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Question 61

A condition is a qualification in a contract based on a future event that is certain to occur.

(True/False)

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Question 62

A discharge in bankruptcy will ordinarily prevent creditors from enforcing most of the debtor's contracts.

(True/False)

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Question 63

Dharma enters into a contract to manage the operations of Esther's dental office for one year,renewable for subsequent one-year terms. If this contract is discharged like most contracts,it will be

(Multiple Choice)

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Question 64

Stephanie enters into a contract to work as a lifeguard at Tim's Water Park for the summer in exchange for a weekly paycheck and free admission to the park's attractions. If the parties fulfill their respective duties by performing the acts they have promised,this contract will be

(Multiple Choice)

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Question 65

Contractors Service,Inc.,enters into a contract to build a restaurant for Dierdre's Soup Spoons Bistro with Dierdre's payment due on August 1. On August 1,her bank is closed,and for this reason,she claims that she cannot pay on time. In this situation

(Multiple Choice)

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Question 66

The most common way to discharge one's contractual duties is by breach of contract.

(True/False)

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Question 67

Any breach allows the nonbreaching party to sue for damages.

(True/False)

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Question 68

To rescind a contract,the parties must make a second agreement that satisfies the legal requirements for a contract.

(True/False)

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Question 69

Tender is a timely offer or expression of willingness to pay a debt or perform an obligation.

(True/False)

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Question 70

Juan and Isidro enter into a contract to buy,restore and reopen the Coastal Park Carousel. Before either party begins to perform,they agree to cancel their deal. This is

(Multiple Choice)

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Question 71

Adrian operates a recycled metals business and contracts to provide ten tons of scrap steel at $500 per ton to be delivered to Build-It-Rite Materials,Inc.,in seven months. An unforeseen shortage of scrap steel suddenly develops,making it impossible for Adrian to fulfill the contract for less than $5,000 per ton. Adrian's best defense against performing the contract would be that

(Multiple Choice)

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Question 72

Showing 61 - 72 of 72

Exam 16: Performance and Discharge

A condition is a qualification in a contract based on a future event that is certain to occur.

A discharge in bankruptcy will ordinarily prevent creditors from enforcing most of the debtor's contracts.

Dharma enters into a contract to manage the operations of Esther's dental office for one year,renewable for subsequent one-year terms. If this contract is discharged like most contracts,it will be

Stephanie enters into a contract to work as a lifeguard at Tim's Water Park for the summer in exchange for a weekly paycheck and free admission to the park's attractions. If the parties fulfill their respective duties by performing the acts they have promised,this contract will be

Contractors Service,Inc.,enters into a contract to build a restaurant for Dierdre's Soup Spoons Bistro with Dierdre's payment due on August 1. On August 1,her bank is closed,and for this reason,she claims that she cannot pay on time. In this situation

The most common way to discharge one's contractual duties is by breach of contract.

Any breach allows the nonbreaching party to sue for damages.

To rescind a contract,the parties must make a second agreement that satisfies the legal requirements for a contract.

Tender is a timely offer or expression of willingness to pay a debt or perform an obligation.

Juan and Isidro enter into a contract to buy,restore and reopen the Coastal Park Carousel. Before either party begins to perform,they agree to cancel their deal. This is

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