Chapter 5

Contract state the ___________ and ________________ of contractual parties.

• right and responsibilities

• obligations and responsibilities

• right and exemption

• obligations and enforcement

Followings are part of the contract, with the exception of

• Offer

• Acceptance

• Agreement

• Terms

Offer is an expression by the client.

• True

• False

Contract can be terminated by all of following, except:

• Performance

• Breach of contract

• Denial of parties

• Reasonable performance

The owner of construction companies dies due to heart attack before the project start. What is the clause for discharge of contract in this situation.

• Impossibility of performance

• Breach of contract

• Mutual termination

• Consent of parties in the contract

There is a new agreement in the contract, and the contracting parties agree to terminate the contract. This situation can be related to... ?

• Impossibility of performance

• Breach of contract

• Mutual termination

• Performance

The contractor can being fine for late in completing the project. Which type of remedies representing this situation?

• Nominal damages

• Substantial damages

• Unliquidated damages

• Liquidated damages