BUL 5810 Chapter 17 T-F and Extra
Questions
The law assumes that respective performances under a contract are
Concurrent conditions, unless there is an agreement to the contrary.
True/False - answer True
A condition may be inserted into a contract to terminate the duty to
perform.
True/False - answer True
The Restatement of Restitution provides that a person who renders
more advanced performance under a contract that is dismissed for
impossibility is entitled to restitution.
True/False - answer True
Yasmin agrees to a three-year employment contract with State
University as long as they become accredited after one year. This
contract contains a "condition subsequent."
True/False - answerTrue
"Discharge" has to do with the termination of contractual duties.
True/False - answerTrue
A breach of contract always discharges the injured party from
performance under the contract.
True/False - answerFalse
Robert and Bella entered into a bilateral contract. If they agree to
a rescission of the contract while it is executory, there is a lack of
consideration for the rescission.
True/False - answerFalse
The UCC is substantially the same as the common law with regard to
the doctrine of material breach of contract.
, True/False - answerFalse
The "perfect tender rule" would allow a buyer to keep merchandise
that deviates from the contract without having to perform himself.
True/False - answerFalse
One party's unauthorized alteration of any of the material terms in
a written contract discharges the entire contract.
True/False - answerTrue
An obligee's promise to accept a stated performance in satisfaction
of the obligor's existing contractual duty creates an accord.
True/False - answerTrue
Substituted contracts immediately discharge the duties of the original contract.
True/False - answerTrue
Rescinding an executory bilateral contract does not qualify as
consideration.
True/False - answerFalse
An accord and satisfaction discharges an existing debt.
True/False - answerTrue
In all substituted contracts there must be an agreement among three
parties where a new promise is substituted for an existing promise or a new promisor is
substituted for an existing promisor.
True/False - answerFalse
If there is a novation, the original promisor remains liable to the
original promisee if the new promisor fails to perform.
True/False - answerFalse
Lou and David have an executory contract that is supposed to be
performed on June 1. On May 1, David indicates that he has no intention of performing
the contract as agreed. Lou must wait until June 1 before he can pursue any remedies
for breach of contract against David.
Questions
The law assumes that respective performances under a contract are
Concurrent conditions, unless there is an agreement to the contrary.
True/False - answer True
A condition may be inserted into a contract to terminate the duty to
perform.
True/False - answer True
The Restatement of Restitution provides that a person who renders
more advanced performance under a contract that is dismissed for
impossibility is entitled to restitution.
True/False - answer True
Yasmin agrees to a three-year employment contract with State
University as long as they become accredited after one year. This
contract contains a "condition subsequent."
True/False - answerTrue
"Discharge" has to do with the termination of contractual duties.
True/False - answerTrue
A breach of contract always discharges the injured party from
performance under the contract.
True/False - answerFalse
Robert and Bella entered into a bilateral contract. If they agree to
a rescission of the contract while it is executory, there is a lack of
consideration for the rescission.
True/False - answerFalse
The UCC is substantially the same as the common law with regard to
the doctrine of material breach of contract.
, True/False - answerFalse
The "perfect tender rule" would allow a buyer to keep merchandise
that deviates from the contract without having to perform himself.
True/False - answerFalse
One party's unauthorized alteration of any of the material terms in
a written contract discharges the entire contract.
True/False - answerTrue
An obligee's promise to accept a stated performance in satisfaction
of the obligor's existing contractual duty creates an accord.
True/False - answerTrue
Substituted contracts immediately discharge the duties of the original contract.
True/False - answerTrue
Rescinding an executory bilateral contract does not qualify as
consideration.
True/False - answerFalse
An accord and satisfaction discharges an existing debt.
True/False - answerTrue
In all substituted contracts there must be an agreement among three
parties where a new promise is substituted for an existing promise or a new promisor is
substituted for an existing promisor.
True/False - answerFalse
If there is a novation, the original promisor remains liable to the
original promisee if the new promisor fails to perform.
True/False - answerFalse
Lou and David have an executory contract that is supposed to be
performed on June 1. On May 1, David indicates that he has no intention of performing
the contract as agreed. Lou must wait until June 1 before he can pursue any remedies
for breach of contract against David.
