Exam 18: Performance and Remedies
Exam 1: The Nature of Law60 Questions
Exam 2: The Resolution of Private Disputes60 Questions
Exam 3: Business and the Constitution60 Questions
Exam 4: Business Ethics, Corporate Social Responsibility, Corporate Governance, and Critical Thinking61 Questions
Exam 5: Crimes60 Questions
Exam 6: Intentional Torts60 Questions
Exam 7: Negligence and Strict Liability59 Questions
Exam 8: Intellectual Property and Unfair Competition61 Questions
Exam 9: Introduction to Contracts59 Questions
Exam 10: The Agreement: Offer60 Questions
Exam 11: The Agreement: Acceptance58 Questions
Exam 12: Consideration59 Questions
Exam 13: Reality of Consent60 Questions
Exam 14: Capacity to Contract60 Questions
Exam 15: Illegality60 Questions
Exam 16: Writing60 Questions
Exam 17: Rights of Third Parties60 Questions
Exam 18: Performance and Remedies60 Questions
Exam 19: Formation and Terms of Sales Contracts60 Questions
Exam 20: Product Liability60 Questions
Exam 21: Performance of Sales Contracts60 Questions
Exam 22: Remedies for Breach of Sales Contracts59 Questions
Exam 23: Personal Property and Bailments60 Questions
Exam 24: Real Property60 Questions
Exam 25: Landlord and Tenant60 Questions
Exam 26: Estates and Trusts60 Questions
Exam 27: Insurance Law60 Questions
Exam 28: Introduction to Credit and Secured Transactions60 Questions
Exam 29: Security Interests in Personal Property60 Questions
Exam 30: Bankruptcy60 Questions
Exam 31: Negotiable Instruments61 Questions
Exam 32: Negotiation and Holder in Due Course60 Questions
Exam 33: Liability of Parties60 Questions
Exam 34: Checks and Electronic Transfers60 Questions
Exam 35: The Agency Relationship60 Questions
Exam 36: Third-Party Relations of the Principal and the Agent60 Questions
Exam 37: Introduction to Forms of Business Andformation of Partnerships60 Questions
Exam 38: Operation of Partnerships and Related Forms60 Questions
Exam 39: Partners Dissociation and Partnerships Dissolution and Winding up60 Questions
Exam 40: Limited Liability Companies, Limited Partnerships, and Limited Liability Limited Partnerships60 Questions
Exam 41: History and Nature of Corporations60 Questions
Exam 42: Organization and Financial Structure of Corporations60 Questions
Exam 43: Management of Corporations60 Questions
Exam 45: Securities Regulation60 Questions
Exam 46: Legal and Professional Responsibilities of Auditors, Consultants, and Securities Professionals60 Questions
Exam 47: Administrative Agencies56 Questions
Exam 48: The Federal Trade Commission Act and Consumer Protection Laws60 Questions
Exam 49: Antitrust: the Sherman Act60 Questions
Exam 50: The Clayton Act, the Robinsonpatman Act, and Antitrust Exemptions and Immunities60 Questions
Exam 51: Employment Law60 Questions
Exam 52: Environmental Regulation60 Questions
Select questions type
Which of the following circumstances is a valid reason for the delay of a lawsuit once the statutory period is over?
Free
(Multiple Choice)
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Correct Answer:
C
Maria and Joe entered into a contract for the sale of Maria's car. Delivery of the car and payment were to be made on March 1. Joe clarified that he needed the car so that he can commute between San Francisco and Oakland to his new job that is starting on March 2. Maria broke the contract and failed to deliver the car on March 1. Joe needed a car to commute so he rented a car at $30 per day for 20 days, which was the reasonable amount of time it took him to locate and buy another car. Joe sued Maria for his losses, including the $600 car rental. The $600 makes up the _____ damages.
Free
(Multiple Choice)
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Correct Answer:
B
A condition subsequent cannot be a valid reason for the discharge of a duty.
Free
(True/False)
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Correct Answer:
False
Bill contracts to build a building for Harvey. A few changes in the building code that were made after the contract was signed will increase Bill's costs in performing his duties. He is excused from performance under the contract.
(True/False)
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When is a person's duty to perform discharged on grounds of impossibility?
(Multiple Choice)
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Which form of damages is intended to give the victim of the breach of contract the "benefit of the bargain"?
(Multiple Choice)
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Kyle promised to mow Heidi's lawn for $20 and clean Heidi's gutters for $50, but only mowed the lawn. Which of the following is true of Kyle?
(Multiple Choice)
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Landlord has leased the property to the tenant. Tenant has to pay $5 as a late charge for the late payment of rent. Tenant pays his rent late for five month, but landlord accepts it without objection. Can landlord afterward recover the late charges?
(Essay)
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Which of the following instances is sufficient reason to cause commercial impracticability?
(Multiple Choice)
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In general, an employee who has been fired and who wants to sue for breach of contract need not do anything to limit or mitigate his damages, such as looking for another job. This would unfairly benefit an employer who has wrongfully breached a contract.
(True/False)
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Richard contracts with Yuan to buy Yuan's house for $100,000 "unless my horse does not win the Kentucky Derby." This is a condition subsequent, or at least an attempted condition subsequent. Rephrase it as a condition precedent with the same effect. If you can do this, why does the law bother to distinguish condition precedent from condition subsequent?
(Essay)
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An uncertain future event, the occurrence of which is necessary for the existence of a contractual obligation is called:
(Multiple Choice)
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Which form of damages can have the effect of reducing the liability of the party guilty of a breach of contract?
(Multiple Choice)
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Which of the following characterizes the statute of limitation?
(Multiple Choice)
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On May 2, 1972, Mix, a CPA, entered into an oral contract with Dell to provide certain accounting services to Dell. The contract was fully performed by both parties in 1974. On April 25, 1988, Dell commenced a breach of contract action against Mix claiming that Mix had improperly performed the accounting services. Mix's best defense to the action would likely be:
(Multiple Choice)
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If Grant promises to sell his regular season football tickets to Carson on condition that Indiana University wins the Rose Bowl, Indiana's winning the Rose Bowl is an express condition of Grant's duty to sell the tickets.
(True/False)
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If there is no time specified in contract by the parties, then it is presumed that performance shall be completed whenever possible.
(True/False)
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