How Contracts Come to an End - Chapter 6 (BUSLAW)

The destruction of the subject matter needed to perform the contract, through no fault of either party, discharges that contract.

• True

• False

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

• True

• False

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

• True

• False

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

• True

• False

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

• True

• False

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

• True

• False

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

• True

• False

Ending a contract by mutual release is not allowed by law.

• True

• False

Threats of a business nature that cause a person to enter into a contract without real consent would qualify as:

• undue influence

• duress

• economic duress

• fraud

The legal transfer of a right under contract is called a(n):

• alteration

• assignment

• novation

• delegation