100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
LSB 3213 Exam 4 Practice Questions and Answers $9.99   Add to cart

Exam (elaborations)

LSB 3213 Exam 4 Practice Questions and Answers

 7 views  0 purchase
  • Course
  • LSB 3213
  • Institution
  • LSB 3213

LSB 3213 Exam 4 Practice Questions and Answers A condition precedent must be met before a party's performance can be required. - Answer️️ -True A party normally satisfies its duties under a contract by novation. - Answer️️ -False Complete performance occurs when conditions in a contrac...

[Show more]

Preview 2 out of 11  pages

  • August 29, 2024
  • 11
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • LSB 3213
  • LSB 3213
avatar-seller
SophiaBennett
©SOPHIABENNET@2024-2025 Friday, August 23, 2024 10:49 AM




LSB 3213 Exam 4 Practice Questions and Answers

A condition precedent must be met before a party's performance can be
required. - Answer✔️✔️-True

A party normally satisfies its duties under a contract by novation. -
Answer✔️✔️-False

Complete performance occurs when conditions in a contract are -
Answer✔️✔️-fully satisfied.

Performance that provides a party with most of the benefits of a contract, in
spite of a deviation from the terms, is - Answer✔️✔️-substantial
performance.

An intention variation from a contract prevents substantial performance. -
Answer✔️✔️-False

Anything less than complete performance is a material breach of contract. -
Answer✔️✔️-False

Any breach allows the nonbreaching party to cancel the contract. -
Answer✔️✔️-False

After a contract is made, a supervening event may make performance -
Answer✔️✔️-impossible and discharge the contract.




1

, ©SOPHIABENNET@2024-2025 Friday, August 23, 2024 10:49 AM




City Restoration Corporation substantially performs its contract with
Downtown Apartments, Inc. Downtown is entitled to - Answer✔️✔️-
damages.

Building Restoration, Inc. (BRI), enters into a contract to refurbish an old
train depot for Casual Dining, Inc., to open as Eat Up Restaurant. If BRI
completes most of the work promised in the contract, its performance will
be - Answer✔️✔️-substantial.

Super Toolmakers, Inc., contracts to sell its business to True Hardware
Corporation. Before either party has performed, rescission of this contract
requires - Answer✔️✔️-a mutual agreement to rescind.

Mona and Nero want to discharge their contract by executing and
performing a new agreement. They can best accomplish this by -
Answer✔️✔️-accord and satisfaction.

The assignment of same contract right to two different parties result in
their "splitting the difference." - Answer✔️✔️-False

Musical Production Company and Nora enter into a contract for Nora to
write six songd for which Musical agrees to pay her. Nora transfers her
right to payment under the contract to Omni Entertainment Agency. Nora
is - Answer✔️✔️-an assignor

An incidental benificiary is not entitled to enforce the promise of a
promisor. - Answer✔️✔️-True



2

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller SophiaBennett. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $9.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

62890 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$9.99
  • (0)
  Add to cart