Paralegal 041 - Contract Law » 2019 » Chapter 10 Review Materials
Need help with your exam preparation?
Get Answers to this exam for $6 USD.
Get Answers to all exams in [ Paralegal 041 - Contract Law ] course for $25 USD.
Existing Quiz Clients Login here
Question #1
What has been done by the parties in the past
A.
Perfect Performance
B.
Tender Performance
C.
Course of Dealing
D.
Substantial Performance
Question #2
Seller delivers conforming goods before contract deadline, after buyer rejects non-conforming goods
A.
Cover
B.
Frustration of Purpose
C.
Tender
D.
Cure
Question #3
Buyer obtains substitute goods
A.
Perfect Tender Rule
B.
Cover
C.
Commercial Impracticability
D.
Insecure Party
Question #4
Party's indication that he is ready, willing, and able to perform
A.
Perfect Performance
B.
Tender Performance
C.
Strict Performance
D.
Substantial Performance
Question #5
Contact has no remaining value for party due to an unanticipated event
A.
Frustration of Purpose
B.
Commercial Impracticability
C.
Cure
Question #6
Fungible
A.
Interchangeable
B.
Course of Dealing
C.
Major Breach
D.
Tender
Question #7
Buyer has reasonable time to reject goods that fail, in any respect, to conform to the contract
A.
Perfect Tender Rule
B.
Rescission
C.
Insecure Party
D.
Assurance
Question #8
Contract provision requiring performance to the satisfaction of a specified individual
A.
Perfect Tender Rule
B.
Novation
C.
Course of Dealing
D.
Satisfaction Clause
Question #9
Belief that other party will not perform
A.
Strict Performance
B.
Perfect Performance
C.
Anticipatory Breach
D.
Substantial Performance
Question #10
Discharge
A.
Cover
B.
Commercial Impracticability
C.
Release
Question #11
Substantial breach of contract, usually excusing other party from further performance; see Material Breach
A.
Perfect Tender Rule
B.
Course of Dealing
C.
Major Breach
D.
Frustration of Purpose
Question #12
Unable to pay debts
A.
Insolvency
B.
Novation
C.
Insecure Party
D.
Perfect Performance
Question #13
A party's words or actions indicating intention not to perform the contract
A.
Assurance
B.
Objective Impossibility
C.
Repudiation
D.
Cure
Question #14
No deviations from contract; see Strict Performance
A.
Perfect Performance
B.
Strict Performance
C.
Perfect Performance
D.
Substantial Performance
Question #15
A pledge or guarantee that gives confidence or security
A.
Perfect Performance
B.
Frustration of Purpose
C.
Novation
D.
Assurance
Question #16
Only minor deviations from contact specification; acceptable in most service contracts
A.
Substantial Performance
B.
Perfect Performance
C.
Strict Performance
D.
Anticipatory Breach
Question #17
Lawsuit in which a whistleblower can obtain reward for exposing misconduct involving government contracts.
A.
Qui tam
B.
Objective Impossibility
C.
Repudiation
D.
Cover
Question #18
Substantial breach of contract usually excusing other party from further performance; see Major Breach
A.
Cover
B.
Major Breach
C.
Frustration of Purpose
D.
Material Breach
Question #19
New contract, involving new parties; cancels earlier contract
A.
Novation
B.
Insolvency
C.
Insolvency
D.
Course of Dealing
Question #20
Contract provision excusing performance for an event such as "act of God," fire, labor dispute, accident, or transportation difficulty
A.
Cover
B.
Major Breach
C.
Force Majeure
D.
Frustration of Purpose
Question #21
Party has good-faith belief that performance by other party is unlikely
A.
Major Breach
B.
Insecure Party
C.
Objective Impossibility
D.
Course of Dealing
Question #22
Impossibility in an objective sense; not personal
A.
Frustration of Purpose
B.
Perfect Tender Rule
C.
Objective Impossibility
D.
Cover
Question #23
To make available
A.
Tender
B.
Insolvency
C.
Course of Dealing
D.
Cure
Question #24
No deviations from contract expectations; see Perfect Performance
A.
Perfect Tender Rule
B.
Anticipatory Breach
C.
Cover
D.
Strict Performance
Question #25
Mutual agreement to cancel
A.
Bailee
B.
Rescission
C.
Cure
D.
Frustration of Purpose
Question #26
Person, other than owner, who is in possession of goods under an arrangement called a bailment
A.
Insecure Party
B.
Repudiation
C.
Bailee
D.
Rescission
Question #27
A party may be excused from contract obligations if an unforeseen circumstance makes performance impracticable
A.
Perfect Tender Rule
B.
Tender Performance
C.
Commercial Impracticability
D.
Insolvency
Question #28
Goods designated as the particular goods being sold
A.
Identified
B.
Course of Dealing
C.
Insolvency
D.
Cover
Question #29
Seller delivers goods to buyer who resells or returns them to seller; buyer takes title until sale or return
A.
Rescission
B.
Tender
C.
Repudiation
D.
Sale or return
Question #30
Industry standards for permissible deviations from specifications
A.
Tender Performance
B.
Tender
C.
Course of Dealing
D.
Trade Usage
Need help with your exam preparation?
Get Answers to this exam for $6 USD.
Get Answers to all exams in [ Paralegal 041 - Contract Law ] course for $25 USD.
Existing Quiz Clients Login here