Question 1

Which one of the following statements accurately describes the operation of a condition precedent?

Accepted Answer

A)  This occurs when one party shows up at the right time and place ready, willing, and able to carry out his obligations under the contract. 
B)  This is a term in a contract that must be met before the contract becomes fully operational. 
C)  This occurs when some event that the parties have not anticipated makes performance radically different from what they agreed to. 
D)  There is no such thing recognized in the common law. 
E)  This is a term in the contract that provides for the cessation (ending) of the parties' obligations upon the occurrence of some particular event. 
A)  This occurs when one party shows up at the right time and place ready, willing, and able to carry out his obligations under the contract. 
B)  This is a term in a contract that must be met before the contract becomes fully operational. 
C)  This occurs when some event that the parties have not anticipated makes performance radically different from what they agreed to. 
D)  There is no such thing recognized in the common law. 
E)  This is a term in the contract that provides for the cessation (ending) of the parties' obligations upon the occurrence of some particular event.

Question 2

____________ occurs when the court orders the defaulting party to live up to the terms of the contract.

Accepted Answer

A)  An injunction 
B)  Specific performance 
C)  An accounting 
D)  Quantum meruit 
E)  Compensation 
A)  An injunction 
B)  Specific performance 
C)  An accounting 
D)  Quantum meruit 
E)  Compensation

Question 3

Explain under what circumstances the tender of performance and its refusal will be treated as performance of the contractual obligation.

Accepted Answer

When goods or services are involved,the

Question 4

A condition precedent is a term of a contract that will bring that contract to an end when the specified condition is met.

Accepted Answer

A) True 
 B)False

Question 5

Joe paid Sam a debt owed of $50 000 by giving him 10 000 five-dollar bills.Sam refused to accept the payment.Explain this legal position.

Accepted Answer

Coin is not involved here and

Question 6

Mable grew a field of corn and agreed to provide 300 ears of corn to Jan's Produce in the months of August and September.Unfortunately,her crop was destroyed by hail and she was unable to make the delivery.Jan sued for breach of contract.Discuss the likely outcome.

Accepted Answer

Jan would win.Mable should hav

Question 7

Frustration arising when one of the parties to a contract causes or fails to prevent a frustrating event is referred to as ________.

Accepted Answer

self-induc

Question 8

Craig ordered a new car and was required to pay a $500 deposit.Which of the following is correct with respect to that deposit?

Accepted Answer

A)  If no deposit had been paid, there could be no contract. 
B)  The deposit must be an honest attempt by the parties to pre-estimate damages in the event of a breach. 
C)  If the court feels that the damages exceed the deposit, they will order the breaching party to pay any difference. 
D)  The deposit must be a fair reflection of the loss actually suffered. 
E)  A down-payment is an amount of money to be forfeited if either party is in breach of contract. 
A)  If no deposit had been paid, there could be no contract. 
B)  The deposit must be an honest attempt by the parties to pre-estimate damages in the event of a breach. 
C)  If the court feels that the damages exceed the deposit, they will order the breaching party to pay any difference. 
D)  The deposit must be a fair reflection of the loss actually suffered. 
E)  A down-payment is an amount of money to be forfeited if either party is in breach of contract.

Question 9

The courts will grant an order of specific performance to compel performance of a contract for personal services.

Accepted Answer

A) True 
 B)False

Question 10

Which one of the following is true with regard to the ending of a contract by performance?

Accepted Answer

A)  In law, a certified cheque is the same as cash. 
B)  If a person owing money has tendered payment in a reasonable way, at a reasonable time, and it has been refused, he is free from any further obligation to pay. 
C)  If a person attempts to perform services in accordance with the terms of the contract, and the buyer refuses those services, the person attempting to perform can sue the buyer with no further attempt to perform. 
D)  Legal tender consists of bills or coin in any amount. 
E)  If a warranty is breached, the victim has no further obligation to perform under the contract. 
A)  In law, a certified cheque is the same as cash. 
B)  If a person owing money has tendered payment in a reasonable way, at a reasonable time, and it has been refused, he is free from any further obligation to pay. 
C)  If a person attempts to perform services in accordance with the terms of the contract, and the buyer refuses those services, the person attempting to perform can sue the buyer with no further attempt to perform. 
D)  Legal tender consists of bills or coin in any amount. 
E)  If a warranty is breached, the victim has no further obligation to perform under the contract.

Question 11

What is the result of a breach of a significant term of a contract resulting in a major failure to perform?

Accepted Answer

The other

Question 12

Sam agreed to purchase and Joe agreed to sell a brand new Chrysler 300M that was displayed in "Joe's Fine Cars" showroom.But instead of delivering it to Sam,Joe sold it to another customer who offered him more money.Which of the following is the appropriate remedy in these circumstances?

Accepted Answer

A)  specific performance 
B)  damages 
C)  injunction 
D)  no remedy 
E)  rescission 
A)  specific performance 
B)  damages 
C)  injunction 
D)  no remedy 
E)  rescission

Question 13

A condition subsequent is an example of a contract being ended by agreement.

Accepted Answer

A) True 
 B)False

Question 14

Indicate three conditions under which a contract may come to an end on the basis of frustration.

Accepted Answer

1.Where the contract is rendered impossi

Question 15

Explain how the remedy of damages is applied in contract law and any limitation on the availability of damages.

Accepted Answer

The idea here is that students should un

Question 16

Distinguish between a condition precedent and a condition subsequent.

Accepted Answer

A condition subsequent involves the term

Question 17

Repudiation occurs when one party indicates that it do not intend to follow through with its end of the deal.

Accepted Answer

A) True 
 B)False

Question 18

A breach of warranty will bring the contract to an end.

Accepted Answer

A) True 
 B)False

Question 19

The victim of a breach cannot recover damages that she could have avoided if she had made a reasonable effort.

Accepted Answer

A) True 
 B)False

Question 20

In which of the following is the contract not ended by agreement?

Accepted Answer

A)  The event contained in the condition subsequent provision of the contract has happened. 
B)  Randy visited Terry two weeks after the contract but one month before performance date to say he wouldn't do it. Terry had already paid Randy for the work. After hearing Randy's story, Terry said, "Just forget it, goodbye and good luck." 
C)  Sean hired two students to do a market survey for him for $3000. Before the students had begun the work, they both had received offers for full time jobs. They told Sean they wanted out of the contract. Sean said, "Okay, I'm short of cash anyway." 
D)  Goode contracted to sell his pony to Reston. Goode then changed his mind and told Reston he didn't want to sell the pony but would give him two lambs instead. Reston agreed to the substitutes. 
E)  After party A of the contract paid, party B said he couldn't perform. Party A agreed to waive B's obligation if B would return the money paid to him. B agreed. 
A)  The event contained in the condition subsequent provision of the contract has happened. 
B)  Randy visited Terry two weeks after the contract but one month before performance date to say he wouldn't do it. Terry had already paid Randy for the work. After hearing Randy's story, Terry said, "Just forget it, goodbye and good luck." 
C)  Sean hired two students to do a market survey for him for $3000. Before the students had begun the work, they both had received offers for full time jobs. They told Sean they wanted out of the contract. Sean said, "Okay, I'm short of cash anyway." 
D)  Goode contracted to sell his pony to Reston. Goode then changed his mind and told Reston he didn't want to sell the pony but would give him two lambs instead. Reston agreed to the substitutes. 
E)  After party A of the contract paid, party B said he couldn't perform. Party A agreed to waive B's obligation if B would return the money paid to him. B agreed.

Which one of the following statements accurately describes the operation of a condition precedent?

____________ occurs when the court orders the defaulting party to live up to the terms of the contract.

Explain under what circumstances the tender of performance and its refusal will be treated as performance of the contractual obligation.

A condition precedent is a term of a contract that will bring that contract to an end when the specified condition is met.

Joe paid Sam a debt owed of $50 000 by giving him 10 000 five-dollar bills.Sam refused to accept the payment.Explain this legal position.

Mable grew a field of corn and agreed to provide 300 ears of corn to Jan's Produce in the months of August and September.Unfortunately,her crop was destroyed by hail and she was unable to make the delivery.Jan sued for breach of contract.Discuss the likely outcome.

Frustration arising when one of the parties to a contract causes or fails to prevent a frustrating event is referred to as ________.

Craig ordered a new car and was required to pay a $500 deposit.Which of the following is correct with respect to that deposit?

The courts will grant an order of specific performance to compel performance of a contract for personal services.

Which one of the following is true with regard to the ending of a contract by performance?

What is the result of a breach of a significant term of a contract resulting in a major failure to perform?

Sam agreed to purchase and Joe agreed to sell a brand new Chrysler 300M that was displayed in "Joe's Fine Cars" showroom.But instead of delivering it to Sam,Joe sold it to another customer who offered him more money.Which of the following is the appropriate remedy in these circumstances?

A condition subsequent is an example of a contract being ended by agreement.

Indicate three conditions under which a contract may come to an end on the basis of frustration.

Explain how the remedy of damages is applied in contract law and any limitation on the availability of damages.

Distinguish between a condition precedent and a condition subsequent.

Repudiation occurs when one party indicates that it do not intend to follow through with its end of the deal.

A breach of warranty will bring the contract to an end.

The victim of a breach cannot recover damages that she could have avoided if she had made a reasonable effort.

In which of the following is the contract not ended by agreement?

Managing Your Legal Affairs

Introduction to the Legal System

The Resolution of Disputesthe Courts and Alternatives to Litigation

Intentional Torts and Torts Impacting Business

Negligence, Professional Liability, and Insurance

The Elements of a Contractconsensus and Consideration

The Elements of a Contract capacity, Legality, and Intention

Factors Affecting the Contractual Relationship

Employment

Agency and Partnership

Corporations

Real, Personal, and Intellectual Property

Information Technology and the Internet

Sales and Consumer Protection

Priority of Creditors

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Exam 9: The End of the Contractual Relationship

Which one of the following statements accurately describes the operation of a condition precedent?

____________ occurs when the court orders the defaulting party to live up to the terms of the contract.

Explain under what circumstances the tender of performance and its refusal will be treated as performance of the contractual obligation.

A condition precedent is a term of a contract that will bring that contract to an end when the specified condition is met.

Joe paid Sam a debt owed of $50 000 by giving him 10 000 five-dollar bills.Sam refused to accept the payment.Explain this legal position.

Mable grew a field of corn and agreed to provide 300 ears of corn to Jan's Produce in the months of August and September.Unfortunately,her crop was destroyed by hail and she was unable to make the delivery.Jan sued for breach of contract.Discuss the likely outcome.

Frustration arising when one of the parties to a contract causes or fails to prevent a frustrating event is referred to as ________.

Craig ordered a new car and was required to pay a $500 deposit.Which of the following is correct with respect to that deposit?

The courts will grant an order of specific performance to compel performance of a contract for personal services.

Which one of the following is true with regard to the ending of a contract by performance?

What is the result of a breach of a significant term of a contract resulting in a major failure to perform?

Sam agreed to purchase and Joe agreed to sell a brand new Chrysler 300M that was displayed in "Joe's Fine Cars" showroom.But instead of delivering it to Sam,Joe sold it to another customer who offered him more money.Which of the following is the appropriate remedy in these circumstances?

A condition subsequent is an example of a contract being ended by agreement.

Indicate three conditions under which a contract may come to an end on the basis of frustration.

Explain how the remedy of damages is applied in contract law and any limitation on the availability of damages.

Distinguish between a condition precedent and a condition subsequent.

Repudiation occurs when one party indicates that it do not intend to follow through with its end of the deal.

A breach of warranty will bring the contract to an end.

The victim of a breach cannot recover damages that she could have avoided if she had made a reasonable effort.

In which of the following is the contract not ended by agreement?

Managing Your Legal Affairs

Introduction to the Legal System

The Resolution of Disputesthe Courts and Alternatives to Litigation

Intentional Torts and Torts Impacting Business

Negligence, Professional Liability, and Insurance

The Elements of a Contractconsensus and Consideration

The Elements of a Contract capacity, Legality, and Intention

Factors Affecting the Contractual Relationship

Employment

Agency and Partnership

Corporations

Real, Personal, and Intellectual Property

Information Technology and the Internet

Sales and Consumer Protection

Priority of Creditors

Filters