S25TH - Contracts - Discharge and Damages

S25TH - Contracts - Discharge and Damages

12th Grade

46 Qs

quiz-placeholder

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S25TH - Contracts - Discharge and Damages

S25TH - Contracts - Discharge and Damages

Assessment

Quiz

Business

12th Grade

Practice Problem

Easy

CCSS
RI.11-12.5, RI.8.1, RI.11-12.7

+27

Standards-aligned

Created by

Dean Kuckelman

Used 6+ times

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46 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False. Most contracts end when they are breached by one of the parties.

True
False

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False. A "material breach" is when the parties don’t perform everything that they agreed to in the contract, but did substantially perform what they agreed to do under the contract.

True
False

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False. Where one party substantially performs their contract obligations, the other party will be required to perform their duties under the contract, but with adjustments to compensate them for the failure to fully perform the contract.

True
False

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False. If one party to the contract commits a material breach, the other party has no obligation to perform the contract - their obligations are discharged by the other party’s breach.

True
False

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False. If one of the parties makes it clear that they will not perform the contract, the other party can declare the contract breached, and stop performing their obligations under the contract.

True
False

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

6.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Article 2 of the UCC applies to:

Sales
Leases
Goods
Real property

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Promises by the seller of goods can create:

express warranties
implied warranties
either of these
neither of these

Tags

CCSS.RI.11-12.7

CCSS.RI.8.7

CCSS.RI.9-10.7

CCSS.RL.11-12.7

CCSS.RL.9-10.7

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