Chapter 11 LEB quiz

If a contractual right is transferred, this does not change the legal rights of the other party to the contract.

• True

• False

No consideration is necessary to make a valid assignment.

• True

• False

A contract creating a duty can prohibit delegation.

• True

• False

If the obligor breaches, the assignor must sue for the breach.

• True

• False

When just about all the duties are performed, but a minor duty under the contract remains, a major breach has occurred.

• True

• False

Generally, impossibility of performance refers to an obligor’s personal inability to perform.

• True

• False

A ready, willing, and able offer to perform an obligation is a tender.

• True

• False

The only remedy generally available for a minor breach is money damages.

• True

• False

An award of punitive damages seeks to place injured parties in the same financial position they would have been in if there had been no breach.

• True

• False

A party injured by a breach of contract is not required to take any steps to minimize the harm done.

• True

• False