Exam 21: Performance Breach of Sales Lease Contracts
Exam 1: Introduction to Law and Legal Reasoning42 Questions
Exam 2: Courts and Alternative Dispute Resolution41 Questions
Exam 3: Court Procedures42 Questions
Exam 4: Constitutional Authority to Regulate Business42 Questions
Exam 5: Ethics and Business Decision Making42 Questions
Exam 6: Intentional Torts and Privacy41 Questions
Exam 7: Negligence and Strict Liability42 Questions
Exam 8: Intellectual Property and Internet Law42 Questions
Exam 9: Criminal Law and Cyber Crime41 Questions
Exam 10: Nature and Terminology42 Questions
Exam 11: Agreement in Traditional and E-Contracts42 Questions
Exam 12: Consideration42 Questions
Exam 13: Capacity and Legality42 Questions
Exam 14: Mistakes, fraud, and Voluntary Consent42 Questions
Exam 15: The Statute of Frauds42 Questions
Exam 16: Third Party Rights42 Questions
Exam 17: Performance and Discharge42 Questions
Exam 18: Breach of Contract and Remedies42 Questions
Exam 19: The Formation of Sales and Lease Contracts42 Questions
Exam 20: Title, risk, and Insurable Interest42 Questions
Exam 21: Performance Breach of Sales Lease Contracts42 Questions
Exam 22: Warranties and Product Liability42 Questions
Exam 23: International Law in a Global Economy42 Questions
Exam 24: The Function Creation of Negotiable Instruments42 Questions
Exam 25: Transferability and Holder in Due Course42 Questions
Exam 26: Liability,defenses,and Discharge42 Questions
Exam 27: Checks and Banking in the Digital Age42 Questions
Exam 28: Creditors Rights and Remedies42 Questions
Exam 29: Secured Transactions42 Questions
Exam 30: Bankruptcy Law42 Questions
Exam 31: Mortgages Foreclosures After the Recession42 Questions
Exam 32: Agency Formation and Duties42 Questions
Exam 33: Agency Liability and Termination42 Questions
Exam 34: Employment,immigration,and Labor Law42 Questions
Exam 35: Employment Discrimination42 Questions
Exam 36: Sole Proprietorships and Franchises42 Questions
Exam 37: Partnerships and Limited Liability Partnerships42 Questions
Exam 38: Limited Liability Companies Special Business Forms42 Questions
Exam 39: Corporate Formation and Financing42 Questions
Exam 41: Corporate Merger, consolidation, Termination42 Questions
Exam 42: Securities Law Corporate Governance42 Questions
Exam 43: Law for Small Business42 Questions
Exam 44: Administrative Law42 Questions
Exam 45: Consumer Law42 Questions
Exam 46: Environmental Law42 Questions
Exam 47: Antitrust Law42 Questions
Exam 48: Professional Liaility and Accountability42 Questions
Exam 49: Personal Property and Bailments42 Questions
Exam 50: Real Property Landlord-Tenant Relationships42 Questions
Exam 51: Insurance42 Questions
Exam 52: Wills and Trusts42 Questions
Exam 53: Legal and Ethical Considerations in Sustainability, Discovery, and Corporate Behavior7 Questions
Exam 54: Legal and Ethical Issues in Contemporary Society5 Questions
Exam 55: Contracts and Agreements5 Questions
Exam 56: Legal Issues in Iowa's Video Game Labeling Statute, National Export Initiative, and Contract Law5 Questions
Exam 57: Banking and Loan Liability4 Questions
Exam 58: Bankruptcy and Agricultural Credit: Debts, Reporting, and Risk3 Questions
Exam 59: Legal and Ethical Issues in Employment and Agency Relationships3 Questions
Exam 60: Legal Issues in Business Franchising, LLC Management, Tax Collection, Director Liability, and Securities Regulations7 Questions
Exam 61: Compliance and Ethics Issues in Business Operations5 Questions
Exam 62: Risk Assessment, Virtual Property, Property Rights, and Building Moratoriums4 Questions
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If some of the goods delivered do not conform to a contract and the seller or lessor has failed to cure,the buyer or lessee can make a partial acceptance.
Free
(True/False)
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Correct Answer:
True
If a buyer breaches a contract and the seller resells the goods to another party,the seller cannot hold the breaching buyer liable for any loss.
Free
(True/False)
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(91)
Correct Answer:
False
Revocation of acceptance is not effective until notice is given to the seller or lessor.
Free
(True/False)
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(86)
Correct Answer:
True
If,before the time for contract performance,one party clearly communicates to the other the intention not to perform,such an action is a breach of the contract.
(True/False)
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Primo Pools Company and Aquatic Recreation,Inc.,enter into a contract for a sale of prefabricated swimming pools.Under either a shipment contract or a destination contract,the seller must
(Multiple Choice)
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Fact Pattern 21-A1 (Questions A9-A10 apply)
Internet Cafés,Inc.,contracts to buy all of its requirements for coffee,at a minimum of 1 million pounds per year,from Java Corporation for six years.After three years,Internet tells Java that it plans to sell its assets to Bagel Bistros,Inc.Bagel Bistros refuses to assure Java that it will continue Internet's contract.
-Refer to Fact Pattern 21-A1.Bagel Bistros's refusal is
(Multiple Choice)
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Midstates Utility Corporation contracts with North American Energy Company to buy 50,000 gallons of heating oil.North American agrees to deliver the oil in five equal installments between October 1 and the follow?ing March 15.The winter is the warmest on record,however,and after the last agreed delivery,Midstates has accepted only 30,000 gallons of the oil.When North American tenders the rest of the oil,Midstates refuses to take it,citing the weather and claiming to be acting in good faith.Will North American succeed in a suit against Midstates for breach of contract?
(Essay)
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Owen and Pablo enter into a contract for a sale of fifty Western saddles.Owen does not deliver.Pablo can normally recover as damages the difference between
(Multiple Choice)
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Mitch and Nadine enter into a contract for a sale of seventy-six specially made motion detectors.When Nadine does not deliver within a reasonable time after the agreed delivery date,Mitch files a suit for breach.Nadine asserts the doctrine of commercial impracticability.This doctrine extends only to problems that are
(Multiple Choice)
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Cheesy Pizza Company contracts to sell 1,000 cases of frozen pizzas to Roller Rinks,Inc.,but refuses to deliver.Due to a spice shortage,Roller Rinks cannot obtain pizza elsewhere.Roller Rinks's right to recover the goods from Cheesy is the right of
(Multiple Choice)
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Screen Perfect,Inc.,and Vibrant View Stores enter into a contract for a sale of 3D HD TVs with certain specifications.Screen Perfect ships TVs that are not 3D but otherwise meet the specifications.Vibrant View
(Multiple Choice)
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Under the UCC,parties to a contract cannot limit or exclude consequential damages.
(True/False)
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Consuelo and Gabriela enter into a contract for a sale of saxophones and other brass instruments.Consuelo delivers,but Gabriela does not pay.Consuelo can normally recover as damages
(Multiple Choice)
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Double D Ranch and Esau enter into a contract on August 1 for the sale of 200 cattle.Esau cancels the con?tract ten days later.Double D is unable to sell the cattle to another buyer.Double D can
(Multiple Choice)
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A shipment contract requires a seller to deliver goods at a particular destination.
(True/False)
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If goods or tender of delivery fail in any respect to conform to a contract,the buyer or lessee loses the right to accept the goods.
(True/False)
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Nature's Foods,Inc.,orders "Grade A" oil from Olive Grove Farms to process and sell to Pic 'N Pay Grocers.Olive Grove ships "Grade B" oil,which Nature's Foods accepts.To recover damages for the nonconformity,Nature's Foods must give notice of the breach within a reasonable time to
(Multiple Choice)
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Nash buys a car under a warranty from Rough Ride Motors.Nash soon discovers that the car has a defect that significantly affects its value and use.In all states and the District of Columbia,Nash may have remedies under
(Multiple Choice)
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Rocky and Slim enter into a contract for a sale of five rowboats.Circumstances make it difficult for Rocky to perform,and the contract is breached.Slim looks for remedies.Unlike the common law,under the UCC,remedies are
(Multiple Choice)
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With an installment contract,a buyer or lessee cab reject an installment on any pretext.
(True/False)
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