Chapter 6 How Contracts Come to an End

Question 1

If what seems to be a valid contract turns out not to be, the contract is

Accepted Answer

defective

Question 2

Specific performance asks the court to order the other party in a contract to

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do what he or she has agreed to do

Question 3

When a bilateral mistake is made, neither party may void the contract

Accepted Answer

False

Question 4

An agreement between two parties to end an agreement is

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Mutual Release

Question 5

When actual physical force is used to cause another to enter a contract, the contract is

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Void

Question 6

As long as all terms have been carried out properly & completely, the contract is discharged by

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Complete performance

Question 7

A person may win a lawsuit for fraud even if no loss is suffered

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False

Question 8

When a contract ends, it is said to be

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discharged

Question 9

Threats of a business nature that cause a person to enter into a contract without real consent

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economic duress

Question 10

Court will not rule on when a contract must be completed if time for performance is unspecified

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False

Question 11

The transfer of a duty under a contract

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Delegation

Question 12

An offer to do what you have agreed to do under a contract is called

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tender of performance

Question 13

A person who intentionally fails to reveal an important fact is committing the fraud of

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Concealment

Question 14

Mutual mistake is also known as

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bilateral mistake

Question 15

The legal transfer of a right under contract is called

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assignment

Question 16

A time limit for suing in a civil case

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Statute of limitations

Question 17

A deliberate deception to secure unfair or unlawful gain is called

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fraud

Question 18

Which of the following is NOT a remedy for a breach of contract?

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You may request the contract be continued

Question 19

To prove _______, the innocent party has to show that he or she depended on the lie.

Accepted Answer

fraud

Question 20

You have a right to sue a person who breaches a contract made with you

Accepted Answer

True

Question 21

A legal means for enforcing a right or correcting a wrong is called a remedy.

Accepted Answer

True

Question 22

When a person fails to perform the duties of the contract

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Breach of contract

Question 23

The doctrine of substantial performance is often applied to construction contracts.

Accepted Answer

True

Question 24

When a party completes the major requirements of a contract with only a few minor details left

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Substantial Performance

Question 25

An offer to do what you have agreed to do under a contract

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Tender

Question 26

Wrongful acts of one of the parties may discharge a contract by

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operation of law

Question 27

Actions that make inappropriate use of one person's power over another

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undue influence

Question 28

The transfer of a right under a contract

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Assignment

Question 29

When the party fulfill the terms of a contract by doing what they promised earlier

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Performance

Question 30

Ending a contract by mutual release is not allowed by law

Accepted Answer

False

Chapter 6 How Contracts Come to an End

Questions 30

Chapter 6 How Contracts Come to an End

Questions 30