Exam 18: Performance and Remediespart Three Sales
Exam 1: Law, Legal Reasoning, and the Legal Profession50 Questions
Exam 2: Dispute Settlement51 Questions
Exam 3: Business Ethics and Corporate Social Responsibility50 Questions
Exam 4: Business and the Constitution50 Questions
Exam 5: Crimes50 Questions
Exam 6: Intentional Torts50 Questions
Exam 7: Negligence and Strict Liability50 Questions
Exam 8: Licensing and Intellectual Propertypart Two Contracts50 Questions
Exam 9: The Nature and Origins of Contracts50 Questions
Exam 10: Creating a Contract: Offers50 Questions
Exam 11: Creating a Contract: Acceptances50 Questions
Exam 12: Consideration50 Questions
Exam 13: Capacity to Contract49 Questions
Exam 14: Voluntary Consent50 Questions
Exam 15: Illegality50 Questions
Exam 16: The Form and Meaning of Contracts50 Questions
Exam 17: Third Parties Contract Rights50 Questions
Exam 18: Performance and Remediespart Three Sales50 Questions
Exam 19: Formation and Terms of Sales Contracts50 Questions
Exam 20: Warranties and Product Liability50 Questions
Exam 21: Performance of Sales Contracts50 Questions
Exam 22: Remedies for Breach of Sales Contractspart Four Agency and Employment50 Questions
Exam 23: The Agency Relationship-Creation, duties, and Termination50 Questions
Exam 24: Liability of Principals and Agents to Third Parties50 Questions
Exam 25: Employment Laws-Part Five Business Organizations50 Questions
Exam 26: Which Form of Business Organization50 Questions
Exam 27: Partnerships50 Questions
Exam 28: Formation and Termination of Corporations50 Questions
Exam 29: Management of the Corporate Business50 Questions
Exam 31: Securities Regulation50 Questions
Exam 32: Legal Liability of Accountantspart Six Property50 Questions
Exam 33: Personal Property and Bailments50 Questions
Exam 34: Real Property50 Questions
Exam 35: Landlord and Tenant50 Questions
Exam 36: Estates and Trusts50 Questions
Exam 37: Insurance-Part Seven Commercial Paper50 Questions
Exam 38: Negotiable Instruments50 Questions
Exam 39: Negotiation and Holder in Due Course50 Questions
Exam 40: Liability of Parties50 Questions
Exam 41: Checks and Electronic Fund Transfers-Part Eight Credit Transactions50 Questions
Exam 42: Introduction to Security50 Questions
Exam 43: Security Interests in Personal Property50 Questions
Exam 44: Bankruptcy-Part Nine Government Regulation50 Questions
Exam 45: The Antitrust Laws50 Questions
Exam 46: Consumer Protection Laws50 Questions
Exam 47: Environmental Regulation50 Questions
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If the legal remedies for breach of contract are not adequate to fully remedy a party's injuries,a court has the discretionary right to grant an equitable remedy.
(True/False)
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Roy was doing repair work in the apartment of Melinda.He saw a deep crack in the floor but did not repair it at the time.Later while working on the ceiling,his ladder got stuck in the crack,and he injured himself.Which of the following statements is true of damages in this case?
(Multiple Choice)
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A promisor who is guilty of material breach has no right of action under the contract.
(True/False)
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Which of the following is true of anticipatory repudiation?
(Multiple Choice)
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Emma had contracted with Queen Arts Inc.to perform a ballet.A day before the program,there was a fire and the dance floor was burnt.Hence,Emma could not perform.Since Emma cannot perform her contractual duties,she is liable for material breach.
(True/False)
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Rebecca contracted Matthew Properties Inc.to repair her apartment for $20,000.On completion of repairs,Rebecca observed that the garages and the attic had not been repaired.Although the contract stated that Matthew Properties will repair the garage and the attic thoroughly,Rebecca did not raise the issue.She instead made a full payment for the services rendered.In this scenario,Matthew Properties Inc.has been discharged from obligations of repairing the garage and the attic by a(n):
(Multiple Choice)
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_____ damages are very small damages that the court may award the plaintiff when a technical breach of contract has occurred without causing any actual loss.
(Multiple Choice)
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If time is not of the essence of a contract,the promisee must accept late performance rendered within a reasonable time of when performance was due.
(True/False)
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Anticipatory repudiation can never be implied from actions by the promisor.
(True/False)
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Adam contracts to sell Ben 100 widgets for $100,for use in Ben's factory.Adam does not know that Ben's factory is closed as it is waiting for the supply of widgets from Adam.Which of the following statements is true of the damages caused due to late delivery?
(Multiple Choice)
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Rob's construction firm did not give Casey a certificate,issued by Timothy Engineering Firm,indicating that the work has been completed to satisfaction.Hence,Casey has no duty to pay Rob's firm.
(True/False)
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The destruction of items that a promisor intended to use in performing does not excuse nonperformance if substitutes are available.
(True/False)
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Explain destruction of subject matter as an impossibility,with an example.Under what circumstance will it not be used as an excuse for nonperformance?
(Essay)
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Maxwell Construction built an apartment block for Riverside Inc.Five years later,Riverside sued Maxwell for the leakages in its ceiling.Is this lawsuit valid?
(Essay)
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Which of the following is true about building and construction contracts?
(Multiple Choice)
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An employee with special skills who has agreed not to work for a competitor may be enjoined from breaching his or her contract and working for that competitor by:
(Multiple Choice)
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Explain the meaning of discharge in legal terms.Mention the different situations in which a party's duty to perform could be discharged.
(Essay)
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Tony contracted to buy wheat from Brown,a farmer.It was contracted that Tony would pay Brown three days after the delivery of the wheat.Brown's delivery would be a(n)_____ of Tony's duty to pay.
(Multiple Choice)
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Promisors in complete performance contracts who do not completely perform can recover the contract price.
(True/False)
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