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unit 3 law

Total questions: 49

Worksheet time: 25mins

Name
Class
Date
1.

an assertion that is not in accord with the truth. When a person enters a contract because of his justifiable reliance on a misrepresentation about some important fact, the contract is voidable

a)

Misrepresentation

b)

Fraud

c)

Mistake

d)

Duress

e)

Undue Influence

2.

the type of misrepresentation that is committed knowingly, with the intent to deceive.

a)

Misrepresentation

b)

Fraud

c)

Mistake

d)

Duress

e)

Undue Influence

3.

a belief about a fact that is not in accord with the truth

a)

Misrepresentation

b)

Fraud

c)

Mistake

d)

Duress

e)

Undue Influence

4.

wrongful coercion that induces a person to enter or modify a contract.

a)

Misrepresentation

b)

Fraud

c)

Mistake

d)

Duress

e)

Undue Influence

5.

unfair persuasion. Like duress, undue influence involves wrongful pressure exerted on a person during the bargaining process.

a)

Misrepresentation

b)

Fraud

c)

Mistake

d)

Duress

e)

Undue Influence

6.

the ability to incur legal obligations and acquire legal rights.

a)

Capacity

b)

considration

c)

accepte

7.

legal value, bargained for and given in exchange for an act or a promise

a)

capacity

b)

Consideration

c)

accepte

8.

a condition that is specified in the language of the parties’ contract.

a)

Express Condition

b)

Implied Condition

c)

Constructive Condition

9.

one that is not specifically stated by the parties but is implied by the nature of the parties’ promises.

a)

Express Condition

b)

Implied Condition

c)

Constructive Condition

10.

(also known as implied-in-law conditions) are conditions that are imposed by law rather than by the agreement of the parties.

a)

Express Condition

b)

Implied Condition

c)

Constructive Condition

11.

a standard of performance that requires virtually perfect compliance with the contract terms.

a)

Strict Performance

b)

Substantial Performance

c)

Good-faith Performance

12.

performance that falls short of complete performance in minor respects.

a)

Strict Performance

b)

Substantial Performance

c)

Good-faith Performance

13.

mean that neither party to a contract will do anything to prevent the other from obtaining the benefits that she has the right to expect from the parties’ agreement or their contractual relationship.

a)

Strict Performance

b)

Substantial Performance

c)

Good-faith Performance

14.

One party cannot, by his wrongful act, bring a contract to an end without the consent of the other.

a)

true

b)

fales

15.

failing to perform any term of a contract, written or oral, without a legitimate legal excuse.

a)

Breach of contract

b)

Effect of Material Breach

c)

Time of Performance

d)

Effect of Nonmaterial Breach

16.

occurs when the promisor’s performance fails to reach the level of performance that the promisee is justified in expecting under the circumstances.

a)

Breach of contract

b)

Effect of Material Breach

c)

Effect of Nonmaterial Breach

d)

Time of Performance

17.

A party’s failure to perform on time is a breach of contract that may be serious enough to constitute a material breach, or it may be relatively trivial under the circumstances.

a)

Breach of Contracts

b)

Effect of Material Breach

c)

Effect of Nonmaterial Breach

d)

Time of Performance

18.

Breach of contract isn't one of the most common causes of law suits for damages and/or court-ordered "specific performance" of the contract.

a)

true

b)

fales

19.

At a maximum, a party’s breach of contract gives the nonbreaching party the right to sue and recover for any damages caused by that breach.

a)

true

b)

fales

20.

Nonmaterial Breach he does have the right to cancel the contract

a)

true

b)

fales

21.

One type of breach of contract occurs when the promisor indicates before the time for his performance that he is unwilling or unable to carry out the contract.

a)

Anticipatory Repudiation

b)

Anticipatory Repudiation

c)

Determining the Materiality of the Breach

d)

Nonmaterial Breach

22.

When performance of a contractual duty becomes impossible after the formation of the contract, the duty will be discharged on grounds of impossibility.

a)

Discharge by frustration

b)

Discharge by Mutual Agreement

c)

Discharge by Accord and Satisfaction

d)

Discharge by Waiver

e)

Discharge by Statute of Limitation

23.

contracting parties may terminate the contract by mutual agreement after conclusion thereof

a)

Discharge by frustration

b)

Discharge by Mutual Agreement

c)

Discharge by Accord and Satisfaction

d)

Discharge by Waiver

e)

Discharge by Statute of Limitation

24.

The general rule is that a party is not discharged unless and until he has entirely performed his contractual obligation.

a)

Discharge by frustration

b)

Discharge by Mutual Agreement

c)

Discharge by Accord and Satisfaction

d)

Discharge by Waiver

e)

Discharge by Statute of Limitation

25.

A party to a contract may voluntarily relinquish any right he has under a contract, including the right to receive return performance

a)

Discharge by frustration

b)

Discharge by Mutual Agreement

c)

Discharge by Accord and Satisfaction

d)

Discharge by Waiver

e)

Discharge by Statute of Limitation

26.

This accord is an agreement whereby a promisee who has an existing claim agrees with the promisor that he will not accept some performance different from that which was originally agreed on.

a)

true

b)

fales

27.

The effect of termination is considered as a dissolution in towards the contracting parties.

a)

true

b)

fales

28.

Discharge by frustration the most one common situations involve Destruction of the subject matter of the contract.

a)

true

b)

fales

29.

Discharge by frustration the most one common situations involve

Supervening legality

a)

true

b)

fales

30.

Anticipatory breach generally constitutes a material breach of contract that discharges the promisee from all further obligation under the contract

a)

true

b)

fales

31.

In Saudi Arabia, the duration of the Statute of Limitation is 2 years from the occurrence of the dispute or breach of contract.

a)

true

b)

fales

32.

A party cannot recover for losses that he could have avoided without undue risk, burden, or humiliation.

a)

true

b)

fales

33.

a person who has been injured by a breach of contract isn't entitled to recover compensatory damages.

a)

true

b)

fales

34.

compensatory damages include one or more of three possible items: loss in value, any allowable consequential damages, and any allowable incidental damages.

a)

true

b)

fales

35.

The primary equitable remedies for breach of contract are: Specific performance, Injunction.

a)

true

b)

fales

36.

The objective of granting a remedy in a case of breach of contract is simply to compensate the injured party.

a)

true

b)

fales

37.

that will compensate the injured party for his losses.

a)

award of money damages

b)

legal remedy

c)

Equitable remedies

d)

restitution

38.

or remedy at law because the imposition of money damages in our legal system originated in courts of law

a)

award of money damages

b)

legal remedy

c)

Equitable remedies

d)

restitution

39.

Equitable remedies more frequently used but still important are equitable remedies such as specific performance.

a)

true

b)

fales

40.

are those remedies that had their origins in courts of equity rather than in courts of law.

a)

award of money damages

b)

legal remedy

c)

Equitable remedies

d)

restitution

41.

which requires the defendant to pay the value of the benefits that the plaintiff has conferred on him.

a)

award of money damages

b)

legal remedy

c)

Equitable remedies

d)

restitution

42.

A party cannot recover for losses that he could have avoided without undue risk, burden, or humiliation.

a)

true

b)

fales

43.

a person who has been injured by a breach of contract isn't entitled to recover compensatory damages.

a)

true

b)

fales

44.

an equitable remedy whereby the court orders the breaching party to perform his contractual duties as promised.

a)

Specific performance

b)

Injunction

c)

Restitution

45.

an equitable remedy that is employed in many different contexts and is sometimes used as a remedy for breach of contract.

a)

Specific Performance

b)

Injunction

c)

Restitution

46.

Injunctions are available not only when the breach or threatened breach is likely to cause irreparable injury.

a)

true

b)

fales

47.

remedy that can be obtained either at law or in equity.

a)

Specific Performance

b)

Injunction

c)

Restitution

48.

Restitution applies when one party’s performance or reliance has conferred a benefit on the other.

a)

true

b)

fales

49.

restitution often applies in cases in which a person rescinds a contract on the grounds of lack of capacity, misrepresentation, fraud, duress, undue influence, or mistake.”

a)

true

b)

fales