Question 1

A method of discharging contractual obligations by agreement is&#10;A)rescission.&#10;B)release.&#10;C)novation.&#10;D)all of the above.

Accepted Answer

D

Question 2

Discharge by performance occurs by&#10;A)completion.&#10;B)breach.&#10;C)statute.&#10;D)release.

Accepted Answer

D

Question 3

A method of discharge by nonperformance is&#10;A)frustration of purpose.&#10;B)impossibility of performance.&#10;C)all of the above.&#10;D)none of the above.

Accepted Answer

C

Question 4

Performance occurs when the parties complete their obligations under the contract.

Accepted Answer

The answer of Performance occurs when the parties complete their...

Question 5

Which of the following is a condition implied by a court?&#10;A)Precedent&#10;B)Subsequent&#10;C)Constructive condition&#10;D)Concurrent condition

Accepted Answer

The answer of Which of the following is a condition...

Question 6

An agreed change of contractual obligations is&#10;A)rescission.&#10;B)modification.&#10;C)release.&#10;D)conditional.

Accepted Answer

The answer of An agreed change of contractual obligations is&#10;A)rescission.&#10;B)modification.&#10;C)release.&#10;D)conditional....

Question 7

Parties cannot discharge their obligations by agreement.

Accepted Answer

The answer of Parties cannot discharge their obligations by agreement....

Question 8

A condition qualifies the contractual obligation.

Accepted Answer

The answer of A condition qualifies the contractual obligation....

Question 9

Discharge occurs when the parties are relieved of their contractual obligations.

Accepted Answer

The answer of Discharge occurs when the parties are relieved...

Question 10

A contract that settles disputed claims is which of the following?&#10;A)Satisfaction&#10;B)Accord&#10;C)Accord and satisfaction&#10;D)None of the above

Accepted Answer

The answer of A contract that settles disputed claims is...

Question 11

Which of the following is a method of discharge by nonperformance in the commercial context?&#10;A)Impracticability&#10;B)Release&#10;C)Breach&#10;D)Frustration of purpose

Accepted Answer

The answer of Which of the following is a method...

Question 12

Discharge by operation of law occurs through which of the following?&#10;A)Bankruptcy&#10;B)Statute of limitations&#10;C)All of the above&#10;D)None of the above

Accepted Answer

The answer of Discharge by operation of law occurs through...

Question 13

The failure of a party to perform contractual obligations is&#10;A)release.&#10;B)integration.&#10;C)rescission.&#10;D)breach.

Accepted Answer

The answer of The failure of a party to perform...

Question 14

An express condition is presumed under the law.

Accepted Answer

The answer of An express condition is presumed under the...

Question 15

A new contract in substitution of an old contract is which of the following?&#10;A)Breach&#10;B)Rescission&#10;C)Release&#10;D)Novation

Accepted Answer

The answer of A new contract in substitution of an...

Question 16

Novation is not a method of discharge.

Accepted Answer

The answer of Novation is not a method of discharge....

Question 17

A condition precedent qualifies the obligation after the contract is consummated.

Accepted Answer

The answer of A condition precedent qualifies the obligation after...

Question 18

Breach occurs when a party fails to perform contractual obligations.

Accepted Answer

The answer of Breach occurs when a party fails to...

Question 19

Discharge can occur because of impossibility of performance.

Accepted Answer

The answer of Discharge can occur because of impossibility of...

Question 20

Modification is a method to alter obligations under a contract.

Accepted Answer

The answer of Modification is a method to alter obligations...

Question 21

Match between columns&#10;                        Premises: A new contract in substitution of an old one.&#10;A new contract in substitution of an old one.&#10;A new contract in substitution of an old one.&#10;A new contract in substitution of an old one.&#10;A new contract in substitution of an old one.&#10;A new contract in substitution of an old one.&#10;A new contract in substitution of an old one.&#10;A new contract in substitution of an old one.&#10;A new contract in substitution of an old one.&#10;A new contract in substitution of an old one.&#10;Commercial method of impossibility of performance.&#10;Commercial method of impossibility of performance.&#10;Commercial method of impossibility of performance.&#10;Commercial method of impossibility of performance.&#10;Commercial method of impossibility of performance.&#10;Commercial method of impossibility of performance.&#10;Commercial method of impossibility of performance.&#10;Commercial method of impossibility of performance.&#10;Commercial method of impossibility of performance.&#10;Commercial method of impossibility of performance.&#10;A condition that occurs at the same time.&#10;A condition that occurs at the same time.&#10;A condition that occurs at the same time.&#10;A condition that occurs at the same time.&#10;A condition that occurs at the same time.&#10;A condition that occurs at the same time.&#10;A condition that occurs at the same time.&#10;A condition that occurs at the same time.&#10;A condition that occurs at the same time.&#10;A condition that occurs at the same time.&#10;Completion of obligations to a contract.&#10;Completion of obligations to a contract.&#10;Completion of obligations to a contract.&#10;Completion of obligations to a contract.&#10;Completion of obligations to a contract.&#10;Completion of obligations to a contract.&#10;Completion of obligations to a contract.&#10;Completion of obligations to a contract.&#10;Completion of obligations to a contract.&#10;Completion of obligations to a contract.&#10;Condition that qualifies promise after contractual obligation.&#10;Condition that qualifies promise after contractual obligation.&#10;Condition that qualifies promise after contractual obligation.&#10;Condition that qualifies promise after contractual obligation.&#10;Condition that qualifies promise after contractual obligation.&#10;Condition that qualifies promise after contractual obligation.&#10;Condition that qualifies promise after contractual obligation.&#10;Condition that qualifies promise after contractual obligation.&#10;Condition that qualifies promise after contractual obligation.&#10;Condition that qualifies promise after contractual obligation.&#10;Condition that qualifies promise before contractual obligation occurs.&#10;Condition that qualifies promise before contractual obligation occurs.&#10;Condition that qualifies promise before contractual obligation occurs.&#10;Condition that qualifies promise before contractual obligation occurs.&#10;Condition that qualifies promise before contractual obligation occurs.&#10;Condition that qualifies promise before contractual obligation occurs.&#10;Condition that qualifies promise before contractual obligation occurs.&#10;Condition that qualifies promise before contractual obligation occurs.&#10;Condition that qualifies promise before contractual obligation occurs.&#10;Condition that qualifies promise before contractual obligation occurs.&#10;Time period to file a lawsuit.&#10;Time period to file a lawsuit.&#10;Time period to file a lawsuit.&#10;Time period to file a lawsuit.&#10;Time period to file a lawsuit.&#10;Time period to file a lawsuit.&#10;Time period to file a lawsuit.&#10;Time period to file a lawsuit.&#10;Time period to file a lawsuit.&#10;Time period to file a lawsuit.&#10;Failure to perform contractual obligations.&#10;Failure to perform contractual obligations.&#10;Failure to perform contractual obligations.&#10;Failure to perform contractual obligations.&#10;Failure to perform contractual obligations.&#10;Failure to perform contractual obligations.&#10;Failure to perform contractual obligations.&#10;Failure to perform contractual obligations.&#10;Failure to perform contractual obligations.&#10;Failure to perform contractual obligations.&#10;Voluntary agreement to terminate contractual obligations.&#10;Voluntary agreement to terminate contractual obligations.&#10;Voluntary agreement to terminate contractual obligations.&#10;Voluntary agreement to terminate contractual obligations.&#10;Voluntary agreement to terminate contractual obligations.&#10;Voluntary agreement to terminate contractual obligations.&#10;Voluntary agreement to terminate contractual obligations.&#10;Voluntary agreement to terminate contractual obligations.&#10;Voluntary agreement to terminate contractual obligations.&#10;Voluntary agreement to terminate contractual obligations.&#10;Contract to settle claims and disputes.&#10;Contract to settle claims and disputes.&#10;Contract to settle claims and disputes.&#10;Contract to settle claims and disputes.&#10;Contract to settle claims and disputes.&#10;Contract to settle claims and disputes.&#10;Contract to settle claims and disputes.&#10;Contract to settle claims and disputes.&#10;Contract to settle claims and disputes.&#10;Contract to settle claims and disputes.

Accepted Answer

The Answer of accord and satisfaction and condition precedent and is...

Deck 9: Performance and Discharge of the Contract