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2.02 Business Law

Total questions: 11

Worksheet time: 6mins

Name
Class
Date
1.

A world-famous artist dies suddenly before finishing several

projects. How will all of the artist’s contracts be discharged?

a)

Accord and satisfaction

b)

Impossibility of performance

c)

Mutual release

d)

Mutual release

2.

Steve has contracted with Greg to purchase Greg’s riding

lawnmower. After the contract was signed, Greg changed the

price from $150 to $250 without Steve’s knowledge. What

method of termination is this?

a)

Agreement

b)

Impossibility of performance

c)

Operation of law

d)

Performance

3.

Bill transfers his rights to renting his apartment to Bob. How was

the contract transferred?

a)

Assignment

b)

Breach

c)

Delegate

d)

Novation

4.

Nancy has a contract to buy a car from Bryan. Nancy realizes she cannot afford the car. After signing the contract, Bryan wishes he had not contracted to sell the car to Nancy. They both decide to terminate the contract by what method?

a)

Mutual agreement

b)

Impossibility of performance

c)

Operation of law

d)

Performance

5.

Carol has agreed to make Debbie’s prom dress. Debbie has

indicated that she wants her to make the dress, a cape, and

gloves. Carol is pressed for time and forgot to make the gloves. What type of performance has Carol completed?

a)

Satisfactory performance

b)

Substantial performance

c)

Tender of performance

d)

Time of performance

6.

Unable to pay off a $250 contract, Jon wants to change the

contract by giving something worth $250 to Peter. How was the contract discharged?

a)

Accord and satisfaction

b)

Complete performance

c)

Specific performance

d)

Wrongful alteration

7.

An environmental group is suing to stop the clear-cutting of trees by a local developer. What type of remedy will the group request?

a)

Injunction

b)

Money damages

c)

Punitive damages

d)

Specific performance

8.

After agreeing to sell her home to Jack, Lila refuses to turn over the paperwork due to a better offer from Sam. Since the home is unique, Jack needs to sue for what type of damages?

a)

Money damages

b)

Nominal damages

c)

Punitive damages

d)

Specific performance

9.

Amber transfers her duty of cleaning Julie’s house to Roxanne. However, Amber is still responsible for the job. How was the contract transferred?

a)

Assignment

b)

Breach

c)

Delegate

d)

Novation

10.

Monica has a contract with Fred’s Landscape Service to mulch her yard. After the job is finished, the contract is discharged by what method?

a)

Complete performance

b)

Operation of law

c)

Substantial performance

d)

Specific performance

11.

A 40-story building is completed on time but has a slightly

different tile floor in one room than required by the contract.How was the contract discharged?

a)

Complete

b)

Substantial

c)

Tender of performance

d)

Wrongful alteration