
Contract termination, breaches, and terms
Authored by Christina Branch
Business
10th Grade
Used 1+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The contract is terminated when one party dies.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Each party completing their duty required of the contract is know as....
Frustration
Performance
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A breach of contract is when one party performs their part.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When one party suffers a prolonged illness which makes them unable to perform the contract.
Bankrupt
Frustration
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Returning property, money and goods after a breach.
specific performance
restitution
Waiver
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Specified amount in a contract that the harmed party would receive in the event of a breach of contract.
Recission
Liquidated damages
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A section that limits liability to a certain point such as the purchase price.
Limitation of liability
Waiver of breach
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