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Law Chapter 6: How Contracts Come to an End (Test Review)

Total questions: 50

Worksheet time: 25mins

Name
Class
Date
1.

The court will not rule on when a contract must be completed if time for performance is unspecified.

a)

True

b)

False

2.

Ending a contract by mutual release is not allowed by law.

a)

True

b)

False

3.

The doctrine of substantial performance is often applied to construction contracts.

a)

True

b)

False

4.

You have a right to sue a person who breaches a contract made with you.

a)

True

b)

False

5.

Ending a contract by mutual release is not allowed by law.

a)

True

b)

False

6.

A person may win a lawsuit for fraud if no loss is suffered.

a)

True

b)

False

7.

The destruction of the subject matter needed to perform the contract, through no fault of either party, discharges that contract.

a)

True

b)

False

8.

When actual physical force is used to cause another person to enter a contract, the contract is void.

a)

True

b)

False

9.

You have a right to sue a person who breaches a contract made with you.

a)

True

b)

False

10.

A person may win a lawsuit for fraud even if no loss is suffered.

a)

True

b)

False

11.

When actual physical force is used to cause another person to enter a contract, the contract is void.

a)

True

b)

False

12.

When a bilateral mistake is made, neither party may void the contract.

a)

True

b)

False

13.

A legal means for enforcing a right or correcting a wrong is called a remedy.

a)

True

b)

False

14.

When you win a lawsuit and collect thousands of dollars beyond what you actually lost, you have received bilateral damages.

a)

True

b)

False

15.

When a contract ends, it is said to be:

a)

discharged

b)

released

c)

tendered

d)

avoided

16.

An offer to do what you have agreed to do under a contract is called:

a)

substantial performance

b)

accord and satisfaction

c)

tender of performance

d)

satisfactory performance

17.

Specific performance asks the court to order the other party in a contract to:

a)

pay the contract in full

b)

obey all injunctions immediately

c)

stop doing what the contract says

d)

do what he or she has agreed to do

18.

Wrongful acts of one of the parties may discharge a contract by:

a)

the Wrongful Act Statute

b)

the statute of limitations

c)

operation of law

d)

mutual release

19.

The legal transfer of a right under contract is called a(n):

a)

alteration

b)

assignment

c)

novation

d)

delegation

20.

Threats of a business nature that cause a person to enter into a contract without real consent would qualify as:

a)

undue influence

b)

duress

c)

economic duress

d)

fraud

21.

A deliberate deception to secure unfair or unlawful gain is called:

a)

misrepresentation

b)

libel

c)

a unilateral mistake

d)

fraud

22.

Which of the following is NOT a remedy for a breach of contract?

a)

You may request the contract be continued.

b)

You may accept the breach.

c)

You may sue for damages.

d)

You may ask the court for a remedy.

23.

Mutual mistake is also known as:

a)

unilateral mistake

b)

material mistake

c)

bilateral mistake

d)

intentional mistake

24.

If what seems to be a valid contract turns out not to be, the contract is:

a)

fraudulent

b)

deceptive

c)

defective

d)

mistaken

25.

As long as all terms have been carried out properly and completely, the contract is discharged by:

a)

Complete performance

b)

Performance

c)

Void

d)

Substantial performance

26.

When both parties have fulfilled the terms of the contract, ____________________ has taken place.

a)

Complete performance

b)

Performance

c)

Void

d)

Substantial performance

27.

Under the doctrine of ____________________, when someone fulfills the major requirements of a contract (leaving only minor details unfinished), the contract is completed.

a)

Complete performance

b)

Performance

c)

Void

d)

Substantial performance

28.

A(n) ____________________ is an agreement between two parties to end an agreement.

a)

Concealment

b)

Mutual release

c)

Fraud

d)

Reasonable time

29.

If the time for performance is not mentioned in a contract, the court will say the contract must be completed in a time that is suitable and fair, or in ____________________.

a)

Concealment

b)

Mutual release

c)

Fraud

d)

Reasonable time

30.

A(n) ____________________ mistake is an error on the part of one of the parties to a contract.

a)

Mutual release

b)

Fraud

c)

Reasonable time

d)

Unilateral

31.

To prove ____________________, the innocent party has to show that he or she depended on the lie.

a)

Mutual release

b)

Fraud

c)

Reasonable time

d)

Unilateral

32.

A person who intentionally fails to reveal an important fact is committing the fraud of ____________________.

a)

Concealment

b)

Mutual release

c)

Fraud

d)

Reasonable time

33.

When actual physical force is used to cause another to enter a contract, the contract is ____________________.

a)

Performance

b)

Void

c)

Substantial performance

d)

Concealment

34.

When the party completes the major requirements of a contract with only a few minor details remaining:

a)

delegation

b)

statute of limitations

c)

substantial performance

d)

fraud

35.

The transfer of a duty under a contract:

a)

delegation

b)

statute of limitations

c)

substantial performance

d)

fraud

36.

A deliberate deception intended to serve an unfair gain:

a)

delegation

b)

statute of limitations

c)

substantial performance

d)

fraud

37.

A time limit for suing in a civil case:

a)

delegation

b)

statute of limitations

c)

substantial performance

d)

fraud

38.

Both parties agree to end the contract:

a)

discharge by agreement

b)

tender

c)

performance

d)

undue influence

39.

The transfer of a right under a contract:

a)

performance

b)

undue influence

c)

assignment

d)

breach of contract

40.

Actions that make inappropriate use of one person’s power over another.

a)

performance

b)

undue influence

c)

assignment

d)

breach of contract

41.

An offer to do what you have agreed to do under a contract.

a)

tender

b)

performance

c)

undue influence

d)

assignment

42.

When the parties fulfill the terms of a contract by doing what they promised earlier:

a)

discharge by agreement

b)

tender

c)

performance

d)

undue influence

43.

When a person fails to perform the duties of the contract:

a)

assignment

b)

breach of contract

c)

delegation

d)

statute of limitations

44.

List one of two ways a contract can be discharged. (Note: you too, while not here, will on the test need to explain this answer in detail.

(a)  

45.

List the second of two ways a contract can be discharged. (Note: you too, while not here, will on the test need to explain this answer in detail.

(a)  

46.

Mutual mistake is also known as:

a)

unilateral mistake

b)

material mistake

c)

bilateral mistake

d)

intentional mistake

47.

As long as all terms have been carried out properly and completely, the contract is discharged by _________.

a)

tender of performance

b)

complete performance

c)

mutual release

d)

none of the above

48.

Under the doctrine of __________________, when someone fulfills the major requirements of a contract (leaving only minor details unfinished), the contract is completed.

a)

substantial performance

b)

complete performance

c)

tender of performance

d)

performance

49.

A(n) ___________________ is an agreement between two parties to end an agreement.

a)

bilateral

b)

unilateral

c)

mutual release

d)

performance

50.

When actual physical force is used to cause another to enter a contract, the contract is ____________.

a)

voidable

b)

void

c)

canceled

d)

discharged