TTU BLAW Test 4 Exam Questions &
Answers (Grade A+)
condition precedent -
correct answer ✅Antonio owns property on which a gasoline
station once stood. Josh agrees to buy the land so that he can build
an office on it. They include language in the contract making the
purchase contingent on a determination that there are no
environmental problems with the property. The contingency
represents a(n):
performance -
correct answer ✅Johanna agrees to purchase Jessie's land so that
she can build a golf course. They write a contract, and Johanna
transfers the deed to Jessie. Jessie pays Johanna the entire
purchase price. Johanna and Jessie have discharged their contract
by
No, because Bill substantially performed. -
correct answer ✅Bill and Henry sign a contract for Bill to build a
house for Henry by December 20. On December 20, the house is
complete with the exception of the crown molding around the
living room ceiling and a final coat of interior paint. In the
meantime, Henry has decided that he does not want a new home.
He tells Bill that Bill has breached the contract and Henry no longer
is obligated to perform. Is Henry correct?
, TTU BLAW Test 4 Exam Questions &
Answers (Grade A+)
Has to pay Kieran for the work if the work would satisfy a
reasonable person -
correct answer ✅Shaina hires Kieran to take her senior pictures
and touch them up "subject to Shaina's satisfaction." Kieran takes
the pictures and touches them up. Shaina is legitimately happy with
the work but spent the money she was going to use for the pictures
on other things, so she says she is not happy with the work. If there
is evidence of this, Shaina:
Anticipatory repudiation -
correct answer ✅Rick agrees to buy 20 acres of land from Tina.
Three weeks before the deal is to close, Rick calls Tina and says,
"The deal is off!" In this situation, Rick's actions constitute:
-
correct answer ✅Shane and Diego have a signed contract for
Shane to sell Diego some property in the mountains. Shane decides
that he does not
want to sell the property. Diego also decides that he does not want
to buy the property. The meet to discuss it and agree in writing to
rescind the contract. The rescission:
Answers (Grade A+)
condition precedent -
correct answer ✅Antonio owns property on which a gasoline
station once stood. Josh agrees to buy the land so that he can build
an office on it. They include language in the contract making the
purchase contingent on a determination that there are no
environmental problems with the property. The contingency
represents a(n):
performance -
correct answer ✅Johanna agrees to purchase Jessie's land so that
she can build a golf course. They write a contract, and Johanna
transfers the deed to Jessie. Jessie pays Johanna the entire
purchase price. Johanna and Jessie have discharged their contract
by
No, because Bill substantially performed. -
correct answer ✅Bill and Henry sign a contract for Bill to build a
house for Henry by December 20. On December 20, the house is
complete with the exception of the crown molding around the
living room ceiling and a final coat of interior paint. In the
meantime, Henry has decided that he does not want a new home.
He tells Bill that Bill has breached the contract and Henry no longer
is obligated to perform. Is Henry correct?
, TTU BLAW Test 4 Exam Questions &
Answers (Grade A+)
Has to pay Kieran for the work if the work would satisfy a
reasonable person -
correct answer ✅Shaina hires Kieran to take her senior pictures
and touch them up "subject to Shaina's satisfaction." Kieran takes
the pictures and touches them up. Shaina is legitimately happy with
the work but spent the money she was going to use for the pictures
on other things, so she says she is not happy with the work. If there
is evidence of this, Shaina:
Anticipatory repudiation -
correct answer ✅Rick agrees to buy 20 acres of land from Tina.
Three weeks before the deal is to close, Rick calls Tina and says,
"The deal is off!" In this situation, Rick's actions constitute:
-
correct answer ✅Shane and Diego have a signed contract for
Shane to sell Diego some property in the mountains. Shane decides
that he does not
want to sell the property. Diego also decides that he does not want
to buy the property. The meet to discuss it and agree in writing to
rescind the contract. The rescission:
