Question 1

Bankruptcy does not discharge a bankrupt from all contractual obligations.

Accepted Answer

A) True 
 B)False

Question 2

A sells goods to B for $5000.00 and no deposit is paid.Before the balance of the goods is delivered,the goods are destroyed.In this case,at common law,explain whether the seller will get anything for the value of the goods delivered.

Accepted Answer

At common law,the seller will

Question 3

In December,a California importer contracted with a Guatemala exporter for a plane load of roses to be shipped to Los Angeles from Guatemala City the first week in February.Because of a regional hail storm in January,the exporter's usual sources of supply dried up to the extent that he could not obtain sufficient quantities of quality roses in Guatemala,so arranged for a shipment from the Cameron Highlands in Malaysia.When the shipment arrived in Los Angles,the importer refused it-based on the fact the roses didn't come from Guatemala.Give the legal arguments of each party.

Accepted Answer

The exporter would claim frustration as

Question 4

Tender of performance means to perform an obligation under a contract.

Accepted Answer

A) True 
 B)False

Question 5

David,a manufacturer's agent,is under contract to represent Joseph Tool Co.in western Canada.This contract contains "an option to terminate" clause.What is the likely meaning of this clause?

Accepted Answer

A) With notice,only David can opt out of this contract. 
B) This clause stipulates when performance has been completed. 
C) This clause amounts to discharge by accord and satisfaction. 
D) With notice,only Joseph Tool Co.can opt out of this contract. 
E) With notice,either or both companies can opt out of this contract. 
A) With notice,only David can opt out of this contract. 
B) This clause stipulates when performance has been completed. 
C) This clause amounts to discharge by accord and satisfaction. 
D) With notice,only Joseph Tool Co.can opt out of this contract. 
E) With notice,either or both companies can opt out of this contract.

Question 6

Explain the effect of a condition subsequent.

Accepted Answer

Where a contract contains a co

Question 7

Most causes of action require that a lawsuit be started within two years failing which the claim may become statute barred.At what point in time does this two-year period begin to run? Give an example of how the running of the limitation period can be delayed.

Accepted Answer

The two-year limit requires that a party

Question 8

A party that deliberately makes performance impossible cannot rely on the doctrine of frustration to discharge his obligations.Self-induced frustration is really nothing more than

Accepted Answer

A) a breach of contract. 
B) an unforeseeable event. 
C) something radically different from what the parties initially thought might occur. 
D) an implied term. 
E) a statute barred claim. 
A) a breach of contract. 
B) an unforeseeable event. 
C) something radically different from what the parties initially thought might occur. 
D) an implied term. 
E) a statute barred claim.

Question 9

Explain why a waiver might not be enforceable.

Accepted Answer

If one party to a contract has already f

Bankruptcy does not discharge a bankrupt from all contractual obligations.

A sells goods to B for $5000.00 and no deposit is paid.Before the balance of the goods is delivered,the goods are destroyed.In this case,at common law,explain whether the seller will get anything for the value of the goods delivered.

Tender of performance means to perform an obligation under a contract.

David,a manufacturer's agent,is under contract to represent Joseph Tool Co.in western Canada.This contract contains "an option to terminate" clause.What is the likely meaning of this clause?

Explain the effect of a condition subsequent.

Most causes of action require that a lawsuit be started within two years failing which the claim may become statute barred.At what point in time does this two-year period begin to run? Give an example of how the running of the limitation period can be delayed.

A party that deliberately makes performance impossible cannot rely on the doctrine of frustration to discharge his obligations.Self-induced frustration is really nothing more than

Explain why a waiver might not be enforceable.

Law, society, and Business

The Machinery of Justice

Government Regulation of Business

The Law of Torts

Professional Liability: the Legal Challenges

Formation of a Contract: Offer and Acceptance

Formation of a Contract: Consideration and Intention

Formation of a Contract: Capacity to Contract and Legality of Object

Grounds Upon Which a Contract May Be Set Aside: Mistake and Misrepresentation

Writing and Interpretation

Privity of Contract and the Assignment of Contractual Rights

Breach of Contract and Its Remedies

Sale of Goods and Consumer Contracts

Bailment and Leasing

Insurance and Guarantee

Agency and Franchising

The Contract of Employment

Negotiable Instruments

Intellectual Property

Interests in Land and Their Transfer

Landlord and Tenant

Mortgages of Land and Real Estate Transactions

Sole Proprietorships and Partnerships

The Nature of a Corporation and Its Formation

Corporate Governance: the Internal Affairs of Corporations

Corporate Governance: External Responsibilities

Secured Transactions

Creditors Rights

International Business Transactions

Electronic Commerce

Privacy

Filters

Exam 12: The Discharge of Contracts

Bankruptcy does not discharge a bankrupt from all contractual obligations.

A sells goods to B for $5000.00 and no deposit is paid.Before the balance of the goods is delivered,the goods are destroyed.In this case,at common law,explain whether the seller will get anything for the value of the goods delivered.

Tender of performance means to perform an obligation under a contract.

David,a manufacturer's agent,is under contract to represent Joseph Tool Co.in western Canada.This contract contains "an option to terminate" clause.What is the likely meaning of this clause?

Explain the effect of a condition subsequent.

Most causes of action require that a lawsuit be started within two years failing which the claim may become statute barred.At what point in time does this two-year period begin to run? Give an example of how the running of the limitation period can be delayed.

A party that deliberately makes performance impossible cannot rely on the doctrine of frustration to discharge his obligations.Self-induced frustration is really nothing more than

Explain why a waiver might not be enforceable.

Law, society, and Business

The Machinery of Justice

Government Regulation of Business

The Law of Torts

Professional Liability: the Legal Challenges

Formation of a Contract: Offer and Acceptance

Formation of a Contract: Consideration and Intention

Formation of a Contract: Capacity to Contract and Legality of Object

Grounds Upon Which a Contract May Be Set Aside: Mistake and Misrepresentation

Writing and Interpretation

Privity of Contract and the Assignment of Contractual Rights

Breach of Contract and Its Remedies

Sale of Goods and Consumer Contracts

Bailment and Leasing

Insurance and Guarantee

Agency and Franchising

The Contract of Employment

Negotiable Instruments

Intellectual Property

Interests in Land and Their Transfer

Landlord and Tenant

Mortgages of Land and Real Estate Transactions

Sole Proprietorships and Partnerships

The Nature of a Corporation and Its Formation

Corporate Governance: the Internal Affairs of Corporations

Corporate Governance: External Responsibilities

Secured Transactions

Creditors Rights

International Business Transactions

Electronic Commerce

Privacy

Filters