Exam 18: Performance and Remedies
Exam 1: Law, Legal Reasoning, and the Legal Profession50 Questions
Exam 2: Dispute Settlement50 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 Property50 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 Contract50 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 Remedies50 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 Contracts50 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 Laws50 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 Accountants50 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: Insurance50 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 Transfers50 Questions
Exam 42: Introduction to Security50 Questions
Exam 43: Security Interests in Personal Property50 Questions
Exam 44: Bankruptcy50 Questions
Exam 45: The Antitrust Laws47 Questions
Exam 46: Consumer Protection Laws50 Questions
Exam 47: Environmental Regulation50 Questions
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Rob contracted to play football for the United Lions in May 2007.However,he had an accident and he died.His death will terminate his contract.
(True/False)
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In which of the following situations can a party's duty to perform be discharged?
(Multiple Choice)
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Rebecca contracted Matthew Properties to repair her apartment for $20,000.Matthew Properties repaired the apartment and handed it over to her.She saw that the garages and the attic had not been properly worked upon.She filed a suit against them but the court said that Matthew Properties had been discharged from obligations by a(n):
(Multiple Choice)
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Maxwell construction made an apartment block for Riverside.After 5 years of the construction Riverside sued Maxwell for the leakages in its ceiling.Is this lawsuit valid?
(Essay)
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The time limit set by the UCC statute of limitations for contracts involving the sale of goods is:
(Multiple Choice)
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A building that deviates slightly from the contract's specifications would not qualify as substantial performance.
(True/False)
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If an event must occur before a party's duty to perform arises,it is called a condition precedent.
(True/False)
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Kent Construction Company contracted to build four garages for Magnum,Inc.,for $100,000 according to specifications provided by Magnum.Kent substituted two-by-fours for the more expensive two-by-sixes called for in the contract.An inspection reveals that the garages are sturdy,but that they are worth only $85,000 due to Kent's failure to conform to Magnum's specifications.To what is Kent entitled,if anything,and why?
(Essay)
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In which of the following situation a party's duty to perform cannot be discharged?
(Multiple Choice)
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Metz and Desman contracted for Metz to build a house for Desman on Desman's lot according to specifications provided by Desman.The contract provided that Metz would be paid $125,000 for this.Metz unintentionally deviated from the specifications in several minor respects.The house is soundly constructed and Metz completed the work within the promised time.Desman refused to pay Metz any of the $125,000,arguing that the house did not conform to the specifications.In this case:
(Multiple Choice)
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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 doing ceiling work,his ladder got stuck in the crack and he injured himself.Can he recover damages from Melinda?
(Multiple Choice)
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Which of the following is true about building and construction contracts?
(Multiple Choice)
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Explain destruction of subject matter as an excuse for nonperformance with an example.Under what circumstance will it not be used as an excuse for nonperformance?
(Essay)
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