• Wrong document? Swap it for free
  • Written by students who passed
  • Immediately available after payment
  • Read online or as PDF
Sell
Where do you study
Your language
Document preview thumbnail
Preview 2 out of 12 pages
Exam (elaborations)

LENB DISCHARGE AND REMEDIES QUESTIONS WITH 100% CORRECT ANSWERS

Document preview thumbnail
Preview 2 out of 12 pages

LENB DISCHARGE AND REMEDIES QUESTIONS WITH 100% CORRECT ANSWERS

Content preview

LENB DISCHARGE AND REMEDIES QUESTIONS
WITH 100% CORRECT ANSWERS
Which of the following is an accurate statement regarding objective impossibility? - ✔️✔️It
discharges the parties' obligations under a contract.


In the context of impossibility of performance, ______ impossibility means it would be very
difficult to carry out a contract. - ✔️✔️subjective


Destruction of a contract's subject matter due to no fault of the parties constitutes ______
impossibility. - ✔️✔️objective


In the context of impossibility of performance, ______ impossibility means it is in fact not
possible to lawfully carry out one's contractual obligations. - ✔️✔️objective


What is the legal effect of the death or incapacity of a party whose personal services are
necessary to fulfill the terms of the contract? - ✔️✔️The contract is discharged.


In the context of the discharge of a contract by law, which of the following is an accurate
statement regarding subjective impossibility of performance? - ✔️✔️It does not discharge the
parties' obligations under a contract.



A subsequent illegality involving a contract results in ______ impossibility. - ✔️✔️objective


What is the legal effect of the destruction of a contract's subject matter due to no fault of the
parties? - ✔️✔️Both parties are discharged from their contract obligations.


The death or incapacity of a party whose personal services are necessary to fulfill the terms of
the contract constitutes ______ impossibility. - ✔️✔️objective

, What is the legal effect of a subsequent illegality involving a contract? - ✔️✔️contract is
discharged


Commercial ______ arises when, because of an unforeseeable event, one party would incur
unreasonable expense, injury, or loss if that party were forced to carry out the terms of the
agreement. - ✔️✔️impracticability


Which of the following addresses contractual discharge by reason of commercial
impracticability? - ✔️✔️the Restatement (Second) of Contracts



If the court applies the frustration of purpose doctrine, the contract is ______. - ✔️✔️discharged


Which of the following is not a factor a party should consider before filing suit for a breach of
contract? - ✔️✔️the likelihood that the court will mandate binding arbitration in lieu of a trial


Commercial ______ is used when performance is still objectively possible but would be
extraordinarily injurious or expensive to one party. - ✔️✔️impracticability


Which of the following is an accurate statement regarding legal remedies and equitable
remedies for a breach of contract? - ✔️✔️Both legal remedies and equitable remedies are
potentially available in a breach of contract action.


According to the Restatement (Second) of Contracts, discharge by reason of commercial
impracticability requires the party claiming the discharge to prove all but which of the
following? - ✔️✔️The party claiming discharge was the victim of undue influence.



Where did the frustration of purpose doctrine originate? - ✔️✔️England

Document information

Uploaded on
November 13, 2024
Number of pages
12
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers
$12.99

Wrong document? Swap it for free Within 14 days of purchase and before downloading, you can choose a different document. You can simply spend the amount again.
Written by students who passed
Immediately available after payment
Read online or as PDF

Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
AceYourCourse
1.0
(2)
Sold
13
Followers
8
Items
271
Last sold
9 months ago



Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Working on your references?

Create accurate citations in APA, MLA and Harvard with our free citation generator.

Working on your references?

Frequently asked questions