100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Chapter 18 Questions and Answers graded A+ $12.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. CODA
  4.  
  5. CODA

Exam (elaborations)

Chapter 18 Questions and Answers graded A+
 7 views  0 purchase
  • Course
  • CODA
  • Institution
  • CODA

Chapter 18 Questions and Answers graded A+ M & E contracted to sell 500 music stands to Coda, Inc. M & E shipped the stands in accordance with the agreement. Coda paid for the stands as promised. The contract between M & E and Coda is discharged by a. agreement. b. rescission. c. full performan...

[Show more]

Preview 2 out of 5  pages

Document information

  • July 19, 2024
  • 5
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • chapter 18 questions and answers graded a
  • m e contracted to sell 500 music stands to coda
  • the legal right to sue for a breach of contract is
  • in which case would true impossibility not apply

Written for

  • CODA
  • CODA

Seller

avatar-seller
Pogba119

Reviews received

Content preview

Chapter 18 Questions and Answers graded A+
M & E contracted to sell 500 music stands to Coda, Inc. M & E shipped the stands in accordance with the agreement. Coda paid for the stands as promised. The contract between M & E and Coda is discharged by
a. agreement.
b. rescission.
c. full performance.
d. accord and satisfaction - answer C
The legal right to sue for a breach of contract is subject to a statute of limitations.
true or false - answer true
In which case would true impossibility NOT apply?
a. Nelson contracted with a local restaurant to supply 10,000 pounds of potatoes, but a tornado tore through his field, completely destroying it.
b. A record company contracted with Darlene to produce a CD of traditional folk ballads;
unfortunately, Darlene died before recording began.
c. Reed agrees to purchase an expensive piece of jewelry for $25,000; a week later, he tells the jeweler that he simply does not have that kind of money. - answer C
An employment contract is an example of a personal satisfaction contract.
true or false - answer true
Ron operates a garbage pickup business. He contracts to pick up garbage from an apartment complex for the next 52 weeks at a price of $150 per week. Unexpectedly, the landfill center where Ron takes the garbage to dispose of it, files for bankruptcy. As a result, Ron must travel an additional 100 miles to the nearest landfill center, turning Ron's expected profit into a loss of $40 per week. Ron's best argument in support of his petition to be discharged from the contract is
a. true impossibility.
b. frustration of purpose.
c. the mail box rule.
d. commercial impracticability. - answer d
Jackie hires Charles to lay new carpet in her bedroom. Charles does such a bad job, that the only way to fix the carpet is to start over and relay the carpet. Which of the following best describes this situation?
a. This is substantial performance. Jackie owes nothing to Charles.
b. This is substantial performance. Jackie must still pay something to Charles.
c. This is a material breach. Jackie owes nothing to Charles.
d. This is a material breach. Jackie must still pay something to Charles. - answer c Which of the following events would have the best chance of excusing performance of a
contract based on commercial impracticability?
a. An unforeseeable trade embargo causes prices to triple.
b. The promisor of personal services dies.
c. The price of a raw material increases slightly so that the contract will not be as profitable.
d. The subject matter of the contract is destroyed. - answer a
When one party breaches a contract, the discharged party
a. has no obligation to perform.
b. may sue the breaching party for damages.
c. has no obligation to perform, and may sue the breaching party for damages.
d. None of these are correct - answer c
Abdulla hired Granite Construction to build an addition onto his home. Granite Construction dug the foundation but then abandoned the project. Granite Construction is entitled to receive the full contract price minus the value of the defects.
true or false - answer false
Most contracts are discharged by mutual agreement of the parties.
true or false - answer false
Which of the following events would have the best chance of excusing performance of a
contract based on commercial impracticability?
a. The price of a raw material increases slightly so that the contract will not be as profitable.
b. The subject matter of the contract is destroyed.
c. An unforeseeable trade embargo causes prices to triple.
d. The promisor of personal services dies. - answer c
What is the key to all conditional clauses?
a. If a condition in a contract does not occur, public policy will require only substantial performance by the party for whom the condition failed.
b. If a condition in a contract does not occur, one party will probably be discharged without having to perform his or her obligations under the contract.
c. If a contract contains a conditional clause, the requirement of good faith will be eliminated.
d. If a contract contains a conditional clause, it must be expressly written with specific language. - answer b
Sea Rovers, Inc. contracted to sell 1,000 pounds of shrimp to the Seafood Shack with delivery on June 1. On May 1, Sea Rovers advised the Seafood Shack that it would not be able to deliver the shrimp. The Seafood Shack
a. must wait until June 1 to see if Sea Rovers will perform before suing for breach of contract.

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 Pogba119. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79650 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
$12.99
  • (0)
  Add to cart