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LENB DISCHARGE AND REMEDIES EXAM QUESTIONS WITH 100% CORRECT ANSWERS

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LENB DISCHARGE AND REMEDIES EXAM QUESTIONS WITH 100% CORRECT ANSWERS

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LENB DISCHARGE AND REMEDIES EXAM
QUESTIONS WITH 100% CORRECT ANSWERS
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


Which of the following is not a factor a party should consider before filing suit for a breach of
contract? - ✔️✔️The potential quality of a court-appointed attorney if the plaintiff cannot afford
legal representation


Which of the following is an incorrect statement regarding legal remedies and equitable
remedies for a breach of contract? - ✔️✔️Equitable remedies and legal remedies are known as
money damages.


Which of the following is not a category of monetary damages for a breach of contract? -
✔️✔️transitional


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.



The most frequently awarded damages are ______ damages. - ✔️✔️compensatory

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