Exam 17: Performance, Breach, and Discharge

On November 1, Paula and Roberta enter into a contract where both parties are obligated to perform on December 31.On December 1, Paula tells Roberta, "I can, in no way, perform my duties in our contract." This statement is:

Which of the following would be considered a material breach of a contract?

After the coronation of Edward VII was postponed and parties who had entered into contracts in anticipation of the event filed numerous suits, the doctrine of frustration of purpose evolved.

Fred contracts to sell a certain tract of land to Mary for $20,000, but the contract is silent as to the time of delivery of the deed and payment of the price.In this case, the:

Marie owes Nathan $900 and the parties agree that Marie will paint Nathan's house in satisfaction of the debt.The debt is not discharged until Marie performs the substituted agreement by painting Nathan's house.

What is a condition? Give an example of each of the following types of conditions: condition precedent, condition concurrent, conditions subsequent.

Explain what may constitute a material breach and list the several basic principles that must be applied to determine if a material breach exists in a given contract.

Wilmer and Grace have an executory contract for the sale of some goods.Wilmer files for bankruptcy and is then discharged by the bankruptcy court.Wilmer has no obligation to perform under the contract.