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Exam (elaborations)

LSB 3213 Exam 4 Questions and Answers 100% Guaranteed Pass

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  • Course
  • LSB 3213
  • Institution
  • LSB 3213

LSB 3213 Exam 4 Questions and Answers 100% Guaranteed Pass A condition precedent must be met before a party's performance can be required. - True A party normally satisfies its duties under a contract by novation. - False Complete performance occurs when conditions in a contract are - fully ...

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  • December 24, 2024
  • 12
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • LSB 3213
  • LSB 3213
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JOSHCLAY
LSB 3213 Exam 4 Questions and

Answers 100% Guaranteed Pass


A condition precedent must be met before a party's performance can be

required. - ✔✔True

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

✔✔False

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

satisfied.

Performance that provides a party with most of the benefits of a contract, in

spite of a deviation from the terms, is - ✔✔substantial performance.

An intention variation from a contract prevents substantial performance. -

✔✔False

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

✔✔False

Any breach allows the nonbreaching party to cancel the contract. -

✔✔False



1
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.

, After a contract is made, a supervening event may make performance -

✔✔impossible and discharge the contract.

City Restoration Corporation substantially performs its contract with

Downtown Apartments, Inc. Downtown is entitled to - ✔✔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 - ✔✔substantial.

Super Toolmakers, Inc., contracts to sell its business to True Hardware

Corporation. Before either party has performed, rescission of this contract

requires - ✔✔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 -

✔✔accord and satisfaction.

The assignment of same contract right to two different parties result in their

"splitting the difference." - ✔✔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




2
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.

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