Exam 17: Performance,breach,and Discharge

Lou and David have an executory contract that is supposed to be performed on June 1.On May 1,David indicates that he has no intention of performing the contract as agreed.Lou must wait until June 1 before he can pursue any remedies for breach of contract against David.

(True/False)

4.8/5

(74)

Question 61

Cora and Bruce have an executory contract for the sale of some goods.Cora files for bankruptcy and is then discharged by the bankruptcy court.Cora has no obligation to perform under the contract.

(True/False)

4.8/5

(80)

Question 62

A condition may be inserted into a contract to terminate the duty to perform.

(True/False)

4.9/5

(72)

Question 63

An accord and satisfaction discharges an existing debt.

(True/False)

4.8/5

(82)

Question 64

An implied-in-fact condition and constructive condition are the same.

(True/False)

4.8/5

(84)

Question 65

A material breach by the seller will discharge the buyer from his obligations under a contract.

(True/False)

4.7/5

(74)

Question 66

Showing 61 - 66 of 66

Exam 17: Performance,breach,and Discharge

Lou and David have an executory contract that is supposed to be performed on June 1.On May 1,David indicates that he has no intention of performing the contract as agreed.Lou must wait until June 1 before he can pursue any remedies for breach of contract against David.

Cora and Bruce have an executory contract for the sale of some goods.Cora files for bankruptcy and is then discharged by the bankruptcy court.Cora has no obligation to perform under the contract.

A condition may be inserted into a contract to terminate the duty to perform.

An accord and satisfaction discharges an existing debt.

An implied-in-fact condition and constructive condition are the same.

A material breach by the seller will discharge the buyer from his obligations under a contract.

Introduction to Law

Business Ethics and the Social Responsibility of Business

Civil Dispute Resolution

Constitutional Law

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Intentional Torts

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Introduction to Contracts

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Consideration

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Contractual Capacity

Contracts in Writing

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Contract Remedies

Relationship of Principal and Agent

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Introduction to Sales and Leases

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Transfer of Title and Risk of Loss

Products Liability: Warranties and Strict Liability in Tort

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Form and Content

Transfer and Holder in Due Course

Liability of Parties

Bank Deposits,collections,and Funds Transfers

Formation and Internal Relations of General Partnerships

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Nature,formation,and Powers

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Legal Terminology: Understanding Criminal and Civil Law Systems

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Exploring the Legal Concepts of Agency and Fiduciary Duty

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Understanding the Terminology of Banking and Finance: Key Concepts and Definitions

Exploring Legal Concepts and Processes in Business Partnerships

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