Question 1

A court may,at times,discharge a party who has not performed.

Accepted Answer

A) True 
 B)False

Question 2

M & E contracted to sell 500 music stands to Coda,Inc.M & E shipped the stands in accordance with the agreement.Coda paid for the stands as promised.The contract between M & E and Coda is discharged by

Accepted Answer

A) full performance. 
B) agreement. 
C) rescission. 
D) accord and satisfaction. 
A) full performance. 
B) agreement. 
C) rescission. 
D) accord and satisfaction.

Question 3

Concurrent conditions arise when there is both a condition precedent and a condition subsequent.

Accepted Answer

A) True 
 B)False

Question 4

Sea Rovers,Inc.contracted to sell 1,000 pounds of shrimp to the Seafood Shack with delivery on June 1.On May 1,Sea Rovers advised the Seafood Shack that it would not be able to deliver the shrimp.The Seafood Shack

Accepted Answer

A) can sue Sea Rovers immediately for breach of contract. 
B) must wait until June 1 to see if Sea Rovers will perform before suing for breach of contract. 
C) cannot sue Sea Rovers because Sea Rovers gave adequate notice. 
D) must wait until actual damages are determined before it can sue. 
A) can sue Sea Rovers immediately for breach of contract. 
B) must wait until June 1 to see if Sea Rovers will perform before suing for breach of contract. 
C) cannot sue Sea Rovers because Sea Rovers gave adequate notice. 
D) must wait until actual damages are determined before it can sue.

Question 5

An employment contract is an example of a personal satisfaction contract.

Accepted Answer

A) True 
 B)False

Exam 18: Contract Termination

A court may,at times,discharge a party who has not performed.

M & E contracted to sell 500 music stands to Coda,Inc.M & E shipped the stands in accordance with the agreement.Coda paid for the stands as promised.The contract between M & E and Coda is discharged by

Concurrent conditions arise when there is both a condition precedent and a condition subsequent.

Sea Rovers,Inc.contracted to sell 1,000 pounds of shrimp to the Seafood Shack with delivery on June 1.On May 1,Sea Rovers advised the Seafood Shack that it would not be able to deliver the shrimp.The Seafood Shack

An employment contract is an example of a personal satisfaction contract.

Introduction to Law

Ethics and Corporate Social Responsibility

International Law

Common Law, Statutory Law, and Administrative Law

Constitutional Law

Dispute Resolution

Crime

Intentional Torts and Business Torts

Negligence, Strict Liability, and Product Liability

Privacy and Internet Law

Introduction to Contracts

Agreement: Offers and Acceptances

Consideration

Legality

Voidable Contracts: Capacity and Consent

Written Contracts

Third Parties

Remedies

Practical Contracts

Introduction to Sales

Ownership, Risk and Warranties

Performance and Remedies

Secured Transactions

Creating a Negotiable Instrument

Liability for Negotiable Instruments

Accountants Liability

Agency Law

Employment and Labor Law

Employment Discrimination

Starting a Business: Llcs and Other Options

Partnerships

Life and Death of a Corporation

Management Duties

Shareholder Rights

Bankruptcy

Securities Regulation

Antitrust

Consumer Protection

Environmental Law

Intellectual Property

Real Property and Landlord Tenant Law

Personal Property and Bailment

Planning for the Future: Wills, Trusts and Insurance

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