Business Law - #11 Contractual Obligations/Enforcement

Business Law - #11 Contractual Obligations/Enforcement

9th - 12th Grade

12 Qs

quiz-placeholder

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Business Law - #11 Contractual Obligations/Enforcement

Business Law - #11 Contractual Obligations/Enforcement

Assessment

Quiz

9th - 12th Grade

Practice Problem

Hard

Created by

Chere Tone

Used 22+ times

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12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The party transferring a right in an assignment is called the

assignee

assignor

obligor

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

An assignment has to be supported by consideration.

True

False

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following is the most frequent cause of a discharge of all contractual duties?

complete performance

major breach

accord and satisfaction

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

If the contract creating the rights prohibits assignment, the parties may still assign them.

True

False

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

An agreement in which the parties agree to substitute one obligor for another and to release the original obligor from her or his contractual obligations is called a(n)

novation

substitution

accord

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

If a valid tender of money to pay a monetary debt under a contract is rejected, the debt is discharged.

True

False

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A condition requiring a purchaser to render the purchase price at the same time the seller renders the goods is called a condition

negative

concurrent

precedent

none of the above

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