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7 - Con Tract

MOONY QI 16 questions

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Questions in this quiz (16)

  1. 1Perfect tender rule
    1. [blank_start]Goods[blank_end] and their [blank_start]delivery[blank_end] must [blank_start]conform[blank_end] to the contract in every way
    1. AGoods
    2. Bdelivery
    3. Cconform
  2. 2Anticipatory repudiation
    1. When a promisor, [blank_start]prior[blank_end] to the time set for performance, [blank_start]unequivocally[blank_end] indicates that he will not perform when the time comes, the [blank_start]nonrepudiation[blank_end] party has these options:
    a. Sue [blank_start]immediately[blank_end];
    b. [blank_start]Suspend[blank_end] performance and [blank_start]wait[blank_end] to sue until the [blank_start]performance[blank_end] date;
    Treat the contract as [blank_start]discharged[blank_end]; or
    [blank_start]Ignore[blank_end] it an urge the promisor to perform
    1. Aunequivocally
    2. Bprior
    3. Cnonrepudiation
    4. Dimmediately
    5. ESuspend
    6. Fwait
    7. Gperformance
    8. Hdischarged
    9. IIgnore
  3. 3Discharge of duties caused by unanticipated or extraordinary event
    1. Assuming nonoccurrence of event was basic assumption fo parties and neither assumed risk, the following will discharge contractual duties:
    a. [blank_start]Impossibility[blank_end]: no one can perform the duties
    b. [blank_start]Impracticability[blank_end]: duties can be performed only with [blank_start]extreme[blank_end] and [blank_start]unreasonable[blank_end] difficulty or expense
    c. [blank_start]Frustration[blank_end]: duties can still be performed by performance of contract is [blank_start]valueless[blank_end]
    1. AFrustration
    2. BImpossibility
    3. CImpracticability
    4. Dextreme
    5. Eunreasonable
    6. Fvalueless
  4. 4Types of common law breaches
    1. [blank_start]Material[blank_end] breach: obligee does not receive the [blank_start]substantial[blank_end] benefit of her bargain, and her performance is discharged
    2. [blank_start]Minor[blank_end] breach: obligee receives the [blank_start]substantial[blank_end] benefit of her bargain (obligor has substantially performed0, so her performance is not discharged but she [blank_start]may[blank_end] be entitled to [blank_start]damages[blank_end]
    1. AMinor
    2. BMaterial
    3. Csubstantial
    4. Dsubstantial
    5. Emay
    6. Fdamages
  5. 5Right to cure
    1. if a buyer rejects goods because of [blank_start]defects[blank_end], the seller may, within the [blank_start]time[blank_end] originally provided for performance, give [blank_start]reasonable[blank_end] [blank_start]notice[blank_end] of her intention to [blank_start]perform[blank_end] and make a new [blank_start]tender[blank_end] of [blank_start]conforming[blank_end] goods, which the buyer [blank_start]must[blank_end] then accept
    1. Adefects
    2. Btime
    3. Creasonable
    4. Dnotice
    5. Eperform
    6. Ftender
    7. Gconforming
    8. Hmust
  6. 6Restitution
    1. A [blank_start]remedy[blank_end] to prevent [blank_start]unjust[blank_end] [blank_start]enrichment[blank_end] when one has conferred a benefit on another without [blank_start]gratuitous[blank_end] intent - it most often arises when a contract is [blank_start]unenforceable[blank_end], but it can also be an [blank_start]alternative[blank_end] to contract damages in case of breach
    1. Aremedy
    2. Benrichment
    3. Cunjust
    4. Dgratuitous
    5. Eunenforceable
    6. Falternative
  7. 7Lost profits
    1. [blank_start]Standard[blank_end] measure of damages sufficient to buy a [blank_start]substitute[blank_end] performance - also known as “[blank_start]benefit[blank_end] fo the [blank_start]bargain[blank_end]” damages
    1. AStandard
    2. Bbenefit
    3. Cbargain
    4. Dsubstitute
  8. 8When to apply the UCC
    1. Applies to all contracts for the [blank_start]sale[blank_end] of [blank_start]goods[blank_end] - all things [blank_start]moveable[blank_end] at the time they are identified to the contract (most [blank_start]tangible[blank_end] things)
    1. Asale
    2. Bgoods
    3. Ctangible
    4. Dmoveable
  9. 9Elements of enforceable contract
    1. [blank_start]Offer[blank_end]
    2. [blank_start]Acceptance[blank_end]
    3. [blank_start]Consideration[blank_end]
    4. No defenses to [blank_start]enforcement[blank_end] (e.g., [blank_start]statute[blank_end] of [blank_start]frauds[blank_end])

    1. AOffer
    2. BAcceptance
    3. CConsideration
    4. Denforcement
    5. Efrauds
    6. Fstatute
  10. 10Option contract
    1. A distinct contract where the offer gives [blank_start]consideration[blank_end] for a [blank_start]promise[blank_end] by the offeror not to [blank_start]revoke[blank_end] an outstanding offer for a [blank_start]period[blank_end] of [blank_start]time[blank_end] (or if no period stated, a [blank_start]reasonable[blank_end] time0

    1. Aconsideration
    2. Bpromise
    3. Crevoke
    4. Dperiod
    5. Ereasonable
    6. Ftime

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Description
Quiz on 7 - Con Tract, created by MOONY QI on 25/04/2018.
Author
MOONY QI
Language
English
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