8. The time set by the UCC statute of limitations for filing a claim for breach
ID: 2722314 • Letter: 8
Question
8. The time set by the UCC statute of limitations for filing a claim for breach of a contract of a sale of goods is:
two years.
five years.
one year.
four years.
9. Which of the following is not generally considered to be unique for purposes of determining if the remedy of specific performance may be sought?
ordinary personal property
antiques
real estate
heirlooms
10. A mandatory injunction:
occurs when a court orders a party to refrain from doing a certain act.
occurs when a court orders a party to do a certain act.
is like specific performance.
is used to compel personal service.
11. (Please Note: There may be more than one correct answer)
Which of the following is a correct statement of the law?
Impossibility requires that performance by the promisor be literally impossible before the promisor is excused from his/her duty to perform.
Commercial impracticablity involves situations where performance is not impossible but has become very burdensome or very expensive to the promisor.
Commercial frustration and frustration of purpose occurs when a change of circumstances has resulted in the promise having little or no value to one of the parties.
The court's approach to commercial impracticability and frustration of purpose are similar.
12. An award for damages specified in a contract for breach is called:
nominal damages.
punitive damages.
compensatory damages.
liquidated damages.
a.two years.
b.five years.
c.one year.
d.four years.
Explanation / Answer
8.d) Four Years
9.c) Real estate
10.b) occurs when a court orders a party to do a certain act.
11.a) Impossibility requires that performance by the promisor be literally impossible before the promisor is excused from his/her duty to perform.AND c) Commercial frustration and frustration of purpose occurs when a change of circumstances has resulted in the promise having little or no value to one of the parties.
12.c) compensatory damages.
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