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(Solved): Substantial performance will entitle a party to a contract to A. enforce the contract as written B. ...
Substantial performance will entitle a party to a contract to A. enforce the contract as written B. enforce the contract as written, less any damages lack of full performance caused the other party C. A \& B above D. none of the above QUESTION 34 The contract remedy that cancels the contract and restories the parties to their original position is called A-injunction B. rescission and restitution C. liquidated damages D. All of the above QUESTION 35 An accord \( \& \) satisfaction A. discharges the original contract B. modifies the original contract C. rescinds the original contract D. none of the above QUESTION 36 The contract remedy that cancels the contract and restores the parties to their original positions is called A. injunction B. rescission and restitution C. punitive damages D. all of the above
Discharge by operation of taw includes A. impossibitity of performance B. death of a party to a contract. C. change in law renders performance illegal D. all of the above QUESTION 38 Commerchal impracticabiity will discharge a contract if the problem was A. unforeseeable B. unexpected C. unanticipated D.all of the above: QUESTION 39 Mary agrees to purchase doe's car it it passes inspection. This requirement in the contract is a A. condition subsequent 8. condition precedent C. condition absolute D. none of the above QUESTION 40 Allan owns fwo bikes, one worth \( 550.00 \) and one worth \( 5500.00 \). He agrees to sell the \( \$ 50.00 \) bike to toe for \( \$ 4500 \), who thinks he is buying the \( 5500.00 \) bike Due to the mistake A. there is no contract B. Joe may choose elther bike C. dee is entitled to buy the \( \$ 500.00 \) bike for \( \$ 4500 \) D. none of the above.
A modification to a contract A. will discharge the underlying contract B. requires consideration C. will discharge the part modified D. B \& C above QUESTION 42 An intended third party beneficiary may sue for breach of the underlying contract even though they don't have A. legal representation B. knowledge of the underlying contract when formed C. privity with the party obligated to perform D. any of the above QUESTION 43 An incidential beneficiary may not sue on the underlying contract because A. the contract did not intend to benefit them B. they lack standing to sue C. neither A or B D. both \( A \& B \) QUESTION 44 An assignment is A. a transfer of contractual rights B. a transfer of contractual duties C. atways possible D. none of the above
An anticipatory repudiation may A. always be revoked B. never be revoked C. be revoked only if the non-breaching party has not changed her position D. none of the above QUESTION 46 The Statute of limitations time period(s) for a breach of contract action is/are A. 4 years B. 6 years C. either A or B D. none of the above QUESTION 47 Partial assignments are A. invalid B. valid C. valid if there is privity D. none of the above QUESTION 48 When one with an employment contract has been wrongfully discharged, she A. need take no action except to sue on the underlying contract B. must take a similar job if offered, even at a lower salary. C. elther A or B D. none of the above
Sue and Mary enter into an oral contract for \( \$ 400.00 \) which they later orally modify so thta the new price is \( \$ 600.00 \). The contract is A. unenforceable B. enforceable C. enforceable by Sue only D. enforceable by Mary only QUESTION 50 Types of damages include A. compensatory B. reasonably foreseeable consequential C. nominal D. all of the above