Review Questions and Pr 1. Match each term in Column A with the appropriate stat

Question

Review Questions and Pr 1. Match each term in Column A with the appropriate statement in Column B (1) Condition precedent (a) An unforeseen event that makes performance unattainable (2) Discharge by (3) Impossibility (4) Waiver (5) Anticipatory (b) Rescission, release, novation, (c) Condition that discharges a (d) An act or event that limits or (e) Unforeseen intervening event operation of law accord and satisfaction contract duty qualifies a contract duty that prevents fulfillment of repudiation contract's main purpose (6) Condition (7) Commercial (8) Discharge by party's (h) Contract avoidance, () Party clearly indicates nonperformance (g) Offer to perform frustration bankruptcy, and statute of limitations agreement (9) Tender () Condition that activates a contract duty (10) Condition G) A voluntary, intentional subsequent relinquishment of a condition 2. Totten hired Lampenfeld to paint his house. Totten agreed to pay in installments as the painting pro-

Explanation / Answer

Ans : 1 Condition precedent : (i) Conditions that activates the cobtrcon duty.

2 Discharge by operation of law : (h) Contract avoidance, bankruptcy, and statute of limitations.

3 Impossibility : (e) Unforeseen intervening event that prevents fulfilment of contact's main purpose

4 Waiver : (f) party clearly indicates non-performance

5 Anticipatory Repudiation : (j) A voluntary , intentional relinquishment of a condition.

6 Condition :(d)An act or event that limits or qualifies a cobtrcon duty

7 Commercial Frustration : (a) an event that makes performance unattainable

8 Discharge by party's agreement : (b) Recission, release,novation,accord and satisfaction.

9 Tender :(g) Offer to perform

10 Condition subsequent : (c) Condition that discharges duty to perform.

The above matched columns are the terms a contract contains

Related Questions

Navigate

• Browse (All)
• Browse R
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.