ETH 321 - DL Week 4 Practice Assignment Exam Questions and Answers Fully Solved
What are compensatory damages? - Answers Damages awarded to return a non-breaching party to its
former position
Which of the following would qualify as valid consideration?
6.4: Consideration - Answers Carlie contracts with her landlord to pay for rent by landscaping the
property and cleaning and painting empty apartments.
Carlie's consideration is work and the landlord's consideration is Carlie's housing. All other response
options only have one party offering consideration.
Claire and Donny want to use a contract to enforce a business deal. Which of the following would most
solidly enforce to terms of their agreement?
6.2: Fundamentals of American Contract Law - Answers A formal, express contract
Formal contracts provide more tangible proof and information about a deal. Express contracts make a
contract more specific and remove ambiguity.
Which of the following would most likely qualify as substantial performance?
6.9: Performance and Discharge - Answers Leroy doesn't finish his last 3 days of yard work under
contract because his mother has a medical emergency.
Three days would not remove the possibility of substantially completing a project. Other response
options entail extreme deviations from a contract's terms or abandonment of a contract.
What is the definition of undue influence? - Answers Domination of another person so thoroughly as to
remove free will
Which of the following contracts are not required to be in writing?
6.7: Contract Form - Answers A contract for labor intended to finish before one year
Only contracts for labor which takes over a year to finish must be in writing.
What are compensatory damages? - Answers Damages awarded to return a non-breaching party to its
former position
Which of the following would qualify as valid consideration?
6.4: Consideration - Answers Carlie contracts with her landlord to pay for rent by landscaping the
property and cleaning and painting empty apartments.
Carlie's consideration is work and the landlord's consideration is Carlie's housing. All other response
options only have one party offering consideration.
Claire and Donny want to use a contract to enforce a business deal. Which of the following would most
solidly enforce to terms of their agreement?
6.2: Fundamentals of American Contract Law - Answers A formal, express contract
Formal contracts provide more tangible proof and information about a deal. Express contracts make a
contract more specific and remove ambiguity.
Which of the following would most likely qualify as substantial performance?
6.9: Performance and Discharge - Answers Leroy doesn't finish his last 3 days of yard work under
contract because his mother has a medical emergency.
Three days would not remove the possibility of substantially completing a project. Other response
options entail extreme deviations from a contract's terms or abandonment of a contract.
What is the definition of undue influence? - Answers Domination of another person so thoroughly as to
remove free will
Which of the following contracts are not required to be in writing?
6.7: Contract Form - Answers A contract for labor intended to finish before one year
Only contracts for labor which takes over a year to finish must be in writing.
