Business Law Ch17 Part I Question Preview (ID: 25293)
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Express conditions are provided for by the parties’ agreement.
a) true
b) false
c)
d)
A contract comes to an end when both parties fulfill their respective duties by performing the acts they have promised.
a) true
b) false
c)
d)
A party who substantially performs his or her duties under a con¬tract can enforce the contract against the other party.
a) true
b) false
c)
d)
Any breach allows the nonbreaching party to sue for damages.
a) true
b) false
c)
d)
Anticipatory repudiation discharges a contract.
a) false
b) true
c)
d)
A breach of contract occurs only when a party fails to perform all of his or her duties under a contract.
a) false
b) true
c)
d)
If no time for performance is stated in a contract, any time is acceptable.
a) false
b) true
c)
d)
When a contract party alters a written contract, the other party must adapt his or her performance accordingly.
a) false
b) true
c)
d)
A contract is discharged when a change in the law renders the performance illegal.
a) true
b) false
c)
d)
A discharge in bankruptcy will ordinarily bar enforcement of most of a debtor’s contracts by creditors.
a) true
b) false
c)
d)
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