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LENB Discharge and remedies-Questions, all Solved 100% Correct _Verified Answer

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LENB Discharge and remedies-Questions, all Solved 100% Correct _Verified Answer

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LENB Discharge and remedies-Questions, all
Solved 100% Correct _Verified Answers

Contracted parties discharge their obligations by doing what they respectively agreed to do
under the terms of an agreement; this is called discharge by ______. - ✔✔performance


If, consistent with his contractual duty, a painter shows up at a home with his paint and ladder
and is ready to begin painting the garage, he _____. - ✔✔has tendered performance upon
arrival at the house


______ performance occurs when every aspect of the parties' duties under a contract is carried
out perfectly. - ✔✔Complete



Which of the following is not a required element for substantial performance? - ✔✔parol
evidence justifying substantial performance instead of complete performance


Which of the following is the most common situation resulting in the discharge of a contract? -
✔✔performance


Parties can discharge their contractual duty by making an offer to perform and being ready,
willing, and able to perform. This offer of performance is known as ______. - ✔✔tender


In the context of the discharge of contracts, which of the following is required for complete
performance? - ✔✔perfect performance


Which of the following is an incorrect statement regarding performance subject to the
satisfaction of a contracting party? - ✔✔When a judgment involved is a matter of personal
taste, courts apply an objective satisfaction standard.

, In the context of the discharge of contracts, ______ performance occurs when nearly all the
terms of an agreement have been met, there has been an honest effort to complete all of the
terms, and there has been no willful departure from the terms of the agreement. -
✔✔substantial



What is the legal effect of a minor breach of contract? - ✔✔It may entitle a nonbreaching
party to damages, but it does not discharge the nonbreaching party from the contract.


Which of the following is an incorrect statement when the performance of a contract is subject
to the satisfaction of a contracting party? - ✔✔Contractual satisfaction is considered an
implied condition that must be met before the other party's obligation to pay for the
performance arises.


A(n) ______ breach of contract occurs when a party unjustifiably fails to perform his obligations
substantially under the contract. - ✔✔material


A ______ occurs when a party fails to perform his or her obligations under a contract. -
✔✔Breach of Duty



With an anticipatory breach the _______ party is discharged from the contract. - ✔✔non
breaching


Which of the following is an incorrect statement regarding the rights of a nonbreaching party in
a contract after anticipatory repudiation? - ✔✔The nonbreaching party is still required to
perform his obligations under the contract and can then sue the other party for breach.



What is the legal effect of a material breach of contract? - ✔✔It discharges a nonbreaching
party from his obligations under the contract.


Which of the following is not a recognized means by which parties to a contract can agree to
discharge each other from their obligations? - ✔✔discord and inaction

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