Contracts Unit 7 Question Preview (ID: 1096)

a) fiduciary relationship

b) breach

c) substantial compliance

d) compensatory performance

a) a certain repudiation of the contract before the time for performance

b) an uncertain repudiation of the contract before the time for performance

c) an uncertain material term found before the case goes to court

d) a breach made after performance has started but before litigation

a) Immediate right to start a lawsuit, severability, cancellation, certainty, and the weather

b) Non-retraction, transfer, business practices, delegation, and malum in se acts

c) Prenuptial agreements, antenuptial agreements, misrepresentation, fraud, and duress

d) Deprivation of expected benefit, adequacy of compensation, forfeiture, ability to cure, good faith

a) Severability

b) Intentionality

c) Material breach

d) Expected benefit

a) voids the contract

b) is an anticipatory repudiation

c) is not by itself a repudiation

d) is a breach

a) Impracticality, impossibility, or frustration of purpose

b) Never; the freedom to contract controls

c) on Tuesdays

d) Only in cases of supervening illegality

a) Show bad faith.

b) Form a fiduciary relationship

c) May excuse the parties on the basis of impossibility

d) Require a writing

a) Provides no clear rule for determining contract validity

b) Always results in forfeiture

c) Is an anticiaptory repudiation

d) Has no effect on contracts

a) Performance is prevented or bankruptcy is involved

b) There is full performance

c) The parties marry

d) The subject matter increases in value

a) A violation of the Statute of Frauds.

b) Forfeiture.

c) An inability to pay debts. Insolvency may result in bankruptcy.

d) An automatic breach.